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‘BUY’ or ‘SELL’ ideas from experts for Wednesday, 18 January 2017

The BSE Sensex and NSE Nifty are likely to open higher on Wednesday following mixed global cues.

Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 15 points, or 0.18 per cent, up at 8,423, indicating a positive start for NSE Nifty
index.

Asian peers Hang Seng and Shanghai indices were trading higher by 1.09 per cent and 0.18 per cent, respectively, in morning trade, while Nikkei was down by
0.20 per cent.

ETMarkets.com has collated a list of trading ideas from various experts and here’s what they had recommended:

Edelweiss
Bajaj FinanceBSE 2.54 % is a ‘Buy’ call with a target of Rs 980 and a stop loss of Rs 880
Tata ElxsiBSE 5.92 % is a ‘Buy’ call with a target of Rs 1520 and a stop loss of Rs 1380
Dr Reddy’s Labs is a ‘Sell’ call with a target of Rs 2750 and a stop loss of Rs 3070

Independent market analyst
UltraTech CementBSE 1.49 % is a ‘Buy’ call with a target of Rs 3540 and a stop loss of Rs 3320
HCL Info is a ‘Buy’ call with a target of Rs 68 and a stop loss of Rs 57

Chart Advise
M&M Financial is a ‘Buy’ call with a target of Rs 305-308 and a stop loss of Rs 292-293