te FAST MONEY: Maruti Suzuki, ITC among top intraday trading tips | Zee Business

FAST MONEY: Maruti Suzuki, ITC among top intraday trading tips

Japan's Nikkei bounced 0.4 per cent as a pullback in the yen eased concerns about earnings pressure on exporters. Moves elsewhere were marginal with MSCI’s broadest index of Asia-Pacific shares outside Japan barely changed. 

FAST MONEY: Maruti Suzuki, ITC among top intraday trading tips
Buy MGL with a target price of Rs 875. Image source: Reuters

The Sensex is expected to open lower on Tuesday after hitting record high in the previous session as Asian markets remained tepid in the early trade. At 7:50 am, SGX Nifty was trading at 11,091.50, down 7.50 points or 0.07 per cent.

In Asia, Japan's Nikkei bounced 0.4 per cent as a pullback in the yen eased concerns about earnings pressure on exporters. Moves elsewhere were marginal with MSCI’s broadest index of Asia-Pacific shares outside Japan barely changed. 

On Wall Street, a rally in tech stocks made up for an otherwise dull day on Wall Street where the Dow eased 0.06 per cent, while the S&P 500 gained 0.18 per cent and the Nasdaq 0.28 per cent.

TRENDING NOW

Here are key intraday trading tips:

MGL  

Target: Rs 875
Stoploss: Rs 840

Short-covering in July F&O contracts; fresh buying in August
The stock is under physical delivery series

Maruti Suzuki

Target: Rs 9780
Stoploss: Rs 9670

Buying in the stock with heavy volumes in last hour of trade
The company produced 2 crore unit at Manesar plant

ITC

Target: Rs 290 
Stoploss: Rs 280

The stock settled at day's high; short-covering seen 
55% Cash delivery in stock

M&M 

Target: Rs 925 
Stoploss: Rs 899

Short-covering in stock; 65% cash delivery
Short-covering expected in auto stocks ahead of expiry

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Ajanta Pharma

Target: Rs 1075 
Stoploss: Rs 1028

The stock settled at day's high; short-covering in futures trade
The stock is under physical delivery series; 12% cash delivery

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)

Written By: ZeeBiz WebTeam
Updated: Tue, Jul 24, 2018
08:57 am
ZeeBiz WebDesk
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