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Trading Calls: Buy Petronet LNG, Sell Havells, Says Expert

by profit.ndtv.com

Indian markets are likely to start Tuesday’s session on a flat note.

Indian markets are likely to start Tuesday’s session on a flat note, with the SGX Nifty on the Singapore Exchange trading 16.50 points lower at 10,244.50. Shares in the other Asian markets wobbled. Investors awaited developments in US tax reform efforts. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.25 per cent after two sessions of declines, while Australia fell 0.9 per cent. Japan’s Nikkei was choppy, down 0.1 per cent to add to four sessions of losses.

On Monday, domestic shares tumbled with the Nifty closing 0.94 per cent lower at 10,224.95 and the BSE Sensex settling 0.84 per cent down at 33,033.56.

Research analyst Simi Bhaumik shared her top trading picks:

Buy Petronet near Rs. 265/266 for a target price of Rs. 269-71 with stop loss below Rs. 262

Sell Havells if it fails to clear Rs. 515/516 for a target price of Rs. 493 with stop loss above Rs. 518

Disclaimer: Investors are advised to make their own assessment before acting on the information.