Top intraday trading ideas for afternoon trade for Monday 31 December 2018

NEW DELHI:  

Equity benchmarks Sensex and Nifty50 were trading higher on Monday on account of buying in frontline bluechip counters.

Markets collated a list of trading ideas from various experts and here's what they had recommended for today's afternoon trade:

Manas Jaiswal of manasjaiswal.com

Tata Steel is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 514.

Shriram Transport NSE 2.17 % is a 'Buy' call with a target price of Rs 1300 and a stop loss of Rs 1230.

Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2720 and a stop loss of Rs 2630.

Kunal Bothra independent market expert

Dr. Reddy's Lab is a 'Buy' call with a target price of Rs 2750 and a stop loss of Rs 2600.

Chennai Petroleum is a 'Buy' call with a target price of Rs 306 and a stop loss of Rs 288.

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Gold Nudges Up As Asian Shares Edge Lower

      

Gold prices inched up early Tuesday as Asian stocks faltered, weighed down by political tensions between Saudi Arabia and Western powers, uncertainties around Br-exit and Italy's budgetary woes.
US gold futures edged up 0.1 percent to $1,225.30 an ounce. Asian shares were listless on Tuesday, a day after a strong rally led by stimulus hope in China, with MSCI's broadest index of Asia-Pacific shares outside Japan dropping 0.5 per cent. 

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