The BSE Sensex and the Nifty opened higher on Tuesday, tracking positive global cues. Analysts say Nifty may bounce back towards 8,250 in the near term. Meanwhile, NDTV Profit spoke to four analysts who shared their trading strategies.
Gaurang Shah, Vice President, Geojit BNP Paribas Financial Services
Buy Tata Motors for long term with a target price of Rs 580
Buy Cipla for long term with a target price of Rs 700
Siddharth Sedani, Vice President (equity sales) at Anand Rathi
Buy IndusInd Bank for a target of Rs 1,743. The bank may deliver 30 per cent loan growth in FY2017. Cost of funding falling faster than the yield on assets, which could improve margins.
Buy Zydus Wellness for a target of Rs 1,050. We remain optimistic about revenue recovery in coming quarters, with a possible upside from the foray into international markets and inorganic growth through acquisitions, Mr Sedani said.
Ashish Chaturmohta, Vice President, Research at Sanctum Wealth
Buy Biocon for a target of Rs 970 with stop loss at Rs 905
Buy ONGC for a target of Rs 320 with stop loss at Rs 288
Imtiyaz Qureshi, Co-Founder & Director at Investeria Financial Services
Buy Bajaj Auto for a target of Rs 3,028 with stop loss at Rs 2,650
Buy Trent for a target of Rs 227 with stop loss at Rs 175
Disclaimer: Investors are advised to make their own assessment before acting on the information.