‘BUY’ or ‘SELL’ ideas from experts for Friday, 12 October 2018

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NEW DELHI: Nifty futures on the Singapore Stock Exchange (SGX Nifty) suggested a positive opening for domestic equity market on Friday.

At 8:30 am, the SGX Nifty was 40.50 points, or 0.39 per cent, up at 10,320.

Oil prices eased in global markets, while dollar and bond yields in the US also subsided. Asian peers were mixed.

ET Now spoke to various experts and here’s what they have to recommend for today’s trade:

CK Narayan of Chart Advise
United Spirits is a ‘Buy’ call with a target price of Rs 510 and a stop loss of Rs 488.

NIIT Technologies is a ‘Sell’ call with a target price of Rs 1,050 and a stop loss of Rs 1,080.

Kunal Bothra, independent market expert
United Spirits is a ‘Buy’ call with a target price of Rs 520 and a stop loss of Rs 480.

Sun Pharma is a ‘Sell’ call with a target price of Rs 565 and a stop loss of Rs 600.

Manas Jaiswal of manasjaiswal.com
Lupin is a ‘Sell’ call with a target price of Rs 783 and a stop loss of Rs 863.

Mahindra & Mahindra is a ‘Sell’ call with a target price of Rs 690 and a stop loss of Rs 751.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

Source: Economic Times