NEW DELHI: Indian markets are expected to trade in a range on Monday, tracking muted trend seen in other Asian markets and SGX Nifty.
Nifty found support from its long term upward sloping trend line and closed at new record highs. Traders should note that past couple of months sideways (with bullish bias) trading appears to be forming a broadening formation.
Here is a list of sixteen stocks which are likely to be in focus today:
JSW Steel Ltd:
SAIL, NMDC:
Reliance Communications Ltd:
Unitech Ltd:
IDBI Bank Ltd: I
Canara Bank:
Union Bank of India:
Cipla Ltd:
Lanco Infratech:
Tata Motors Ltd:
Power Grid Ltd:
Tata Power Ltd:
Cox & Kings Ltd:
'BUY' or 'SELL' ideas from experts for Monday, 18 August 2014
Lupin Ltd is a 'BUY' call with a target of Rs 1220 and a stop loss of Rs 1165
JSW Steel Ltd is a 'BUY' call with a target of Rs 1375 and a stop loss of Rs 1230
UltraTech Cements Ltd is a 'BUY' call with a target of Rs 2690 and a stop loss of Rs 2600
Tata Motors Ltd rallied as much as 3.06% in trade to hit fresh 52-week high in trade on Monday. Stock intraday levels
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