Indian stock markets are likely to open flat on Tuesday tracking
subdued Asian cues. Overnight, the S&P 500 index in the US hit 2,000
for the first time.A late selloff post Supreme Court's verdict on coal mines allocation hit both metals & banks hard yesterday. The selloff in high beta stocks may continue today.
The Nifty will face volatility as expiry pressures mount. Markets may see a change in leadership with IT, pharma and FMCG leading from the front.
Stock calls for today,
Buy Bharti Airtel: 367-370, stop loss 361, target 382-385
Buy Idea Cellular: 154-156, stop loss 150, target 162-164
Sell Tata Power: 90-92, stop loss 96, target 84-85.5
Sell Adani Power: 53-55, stop loss 57, target 48-49.5
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