Daily tips From Experts...

Thursday, 7 January

•  Go short in bank Nifty at 9230-9250 with target of 8900 and stop loss of 9400, says Siddharth Bhamre of Angel Broking on NDTV Profit.  
• Buy Ahmednagar Forgings with intra-day target of Rs 75 and stop loss of Rs 68.50 or hold on for better gains in the longer term, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 72, up 3.1% on the BSE.  
•  Buy Mundra Port with targets of Rs 635 and 650 and stop loss of Rs 587, says Mitesh Thacker, technical analyst, on CNBC TV18. The stock is currently trading at Rs 610.50, up 1% on the BSE.  
• Buy Maruti Suzuki only on dips to around Rs 1400-1415, says Rajesh Jain of SMC Global Securities on NDTV Profit. The stock is currently trading at Rs 1479.95, up 1.2% on the BSE.  
• Buy Satyam with short-term target of Rs 120 and stop loss of Rs 104, says Salil Sharma, technical analyst, on CNBC TV18. The stock is currently trading at Rs 110.40, up 1% on the BSE.  
• Hold existing long positions with stop loss of 5150, says Hemant Thukral, technical analyst, on CNBC TV18. 
•  Buy DCM Shriram with intra-day target of Rs 66 and stop loss of Rs 60, says Anil Singhvi, market expert, on CNBC Awaaz. The stock is currently trading at Rs 62.55, up 1.7% on the BSE.  
•  The market opens on a sluggish and soft note. Earlier, the US markets ended flat for the second straight session while Asia is trading quiet. Sensex is trading at 17664, down 36 points from its previous close, and Nifty is at 5272, down 9 points. CNX Midcap index is up 0.3% and BSE Smallcap index is up 0.5%. The market breadth is positive with advances at 581 against declines of 154 on the NSE.  
• Buy McLeod Russel at Rs 302 with intra-day target of Rs 314 and stop loss of Rs 295, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 301.70, up 10.1% on the BSE.  
• Buy NRC with intra-day target of Rs 18 and stop loss of Rs 16.25, says Anil Singhvi, market expert, on CNBC Awaaz. The stock last traded at Rs 16.34, up 5% on the BSE.  
• Buy Hindalco January Futures at Rs 172 with intra-day target of Rs 177-178 and stop loss of Rs 169, says Vijay Bhambwani, technical analyst, on CNBC TV18. The stock last traded at Rs 170.90, down 2.5% on the BSE.  
• The market will trade rangebound today with 5300 level facing stiff resistance, says Anil Singhvi, market expert, on CNBC Awaaz. He does not expect the Nifty to cross 5300-5325 today unless the European markets open with strong gains. He sees 5220-5250 to provide buying support and advises going long in Rana Sugar with intra-day target of Rs 15.80 and stop loss of Rs 14.75.  
•  Buy India Infoline at Rs 144 with intra-day target of Rs 148 and stop loss of Rs 141, says Simi Bhaumik, technical analyst, on Zee Business. The stock last traded at Rs 143.80, up 3% on the BSE. 
• Hold existing long positions in the January Futures with intra-day target of 5315-5320 and stop loss of 5260, says Vijay Bhambwani, technical analyst, on CNBC TV18.  
• The market is likely to open on a good note today because it closed on a high yesterday, says Salil Sharma, technical analyst, on CNBC TV18. It has a historical resistance at 5300 breaking which it will touch 5350 and then 5450 in the next one week to 10 days, he adds.