Indian markets continued to consolidate on Thursday as well with both Sensex and Nifty seeing a flat opening. The Sensex rose as much as 70 points, while the Nifty fell nearly 20 points to 9,601. Wipro was the top gainer in Nifty, up over 1 per cent. Meanwhile, other Asian shares slid on Thursday, hit by soft US economic data, a relatively hawkish Fed and a media report that U.S. President Donald Trump is being investigated by a special counsel for possible obstruction of justice. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 percent while Japan's Nikkei fell 0.4 percent. Meanwhile, market analysts Ruchit Jain and Simi Bhaumik shared their short-term trading picks.
Ruchit Jain, Angel Broking
(For 2-3 weeks)
Buy Tata Global Beverages for a target of Rs 170 with stop loss at Rs 151
Buy Mahindra & Mahindra Financial Services for target of Rs 385 with stop loss at Rs 339
Simi Bhaumik, Research analyst
Buy Bharat Financial Inclusion for a target of Rs 717 with stop loss at Rs 682
Buy Dewan Housing Finance Corporation for a target of Rs 454 with stop loss at Rs 442
Buy Phillips Carbon Black for a target of Rs 545 with stop loss at Rs 500
Buy D-Link for a target of Rs 102 with stop loss at Rs 91
Buy Rajesh Exports for a target of Rs 710 with stop loss at Rs 640
Disclaimer: Investors are advised to make their own assessment before acting on the information.
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