Stocks to watch: RCom, ICICI Bank, Sun Pharma and sugar stocks

Investors are likely to take cues from global peers on Wednesday. In a tit-for-tat move, China added $60 billion of US products to its import tariff list in retaliation for President Donald Trump’s planned levies on $200 billion worth of Chinese goods. That apart, movemement in the rupee will also be keenly watched. At 07:39 am, the Nifty futures on the Singapore Stock Exchange (SGX) were trading 2.50 points or 0.02 per cent lower at 11,312.50.

Below is the list of top stocks that may hog the limelight in today's session -

Reliance Communications: At the 14th AGM, RCom Chairman Anil Ambani announced that the company will exit telecom business completely, owing to intense slugfest in the sector and instead focus on real estate.

MCX: The stock may remain in focus today after Sebi on Tuesday has approved a proposal to allow foreign investors to trade in commodity derivatives market.
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Today's picks: From BPCL to Zee, hot stocks to watch on Thursday

Nifty
Current: 11,477 (fut: 11,512) Target: NA
Stop-long positions at 11,425. Stop-short positions at 11,585. Big moves could go till 11,375, 11,650. A long 11,400p (92), short 11,300p (65) will gain 15-20, if the market falls below 11,400.

Bank Nifty
Current: 27,376 (futures: 27,501) Target: NA
Stop-long positions at 27,350. Stop-short positions at 27,625. Big moves could go till 27,850, 27,150. Downtrend could continue.

BPCL
Current price: Rs 350 Target price: Rs 345
Keep a stop at Rs 353 and go short. Add to the position between Rs 346 and Rs 347. Book profits at Rs 345.

Sun Pharma
Current price: Rs 664 Target price: Rs 675
Keep a stop at Rs 658 and go long. Add to the position between Rs 672 and Rs 674. Book profits at Rs 675.

Zee Entertainment
Current price: Rs 482 Target price: Rs 472
Keep a stop at Rs 485 and go short. Add to the position between Rs 474 and Rs 475. Book profits at Rs 472.

Today's picks: From Sun Pharma to HPCL, hot stocks to watch on Friday

Nifty
Current: 11,677 (fut: 11,740), Target: NA
Stop-long positions at 11,650. Stop-short positions at 11,825.
Big moves could go till 11,875, 11,600
A long 11,500p (65), long 11,900c (65) can be offset with short 11,400p (48), short 11,200c (37)

Bank Nifty
Current: 28,103 (fut: 28,229)
Target: NA
Stop-long positions at 28,075
Stop-short positions at 28,400.
Big moves could go till 28,550, 27,875
Trend has slightly negative bias

HPCL
Current price: Rs 253
Target price: Rs 247
Keep a stop at Rs 256 and go short. Add to the position between Rs 248 and Rs 249
Book profits at Rs 247

ITC
Current price: Rs 320
Target price: Rs 326
Keep a stop at Rs 317 and go long
Add to the position between Rs 324 and Rs 325
Book profits at Rs 326

Sun Pharma
Current price: Rs 640
Target price: Rs 650
Keep a stop at Rs 635 and go long
Add to the position between Rs 646 and Rs 648
Book profits at Rs 650

Top trading ideas by Anand Rathi Research: Buy Sun Pharma, Lupin, M&M

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Research:

NIFTY: BUY
TARGET: 11,402
STOP LOSS: 11,230
The Index closed well in the positive territory on the first day of the trading week. The Index continues to form higher tops and bottoms and with that fresh life time highs. So, one can continue to remain long on Nifty futures for the short term target of 11402 with a stop loss of 11230 levels.

SUN PHARMA: BUY
TARGET: Rs 585
STOP LOSS: Rs 550
The stock has again provided a breakout from the falling trend line which is a positive sign going forward. The momentum indicators are absolutely bullish which confirms that the bulls have an upper hand.

LUPIN: BUY
TARGET: Rs 860
STOP LOSS: Rs 810
The stock has formed a double bottom pattern on the daily charts with a buy crossover in its momentum indicator on the hourly charts. The minimum target on the upside is 860, one can buy this with a stop loss of 810

M&M: BUY
TARGET: Rs 950
STOP LOSS: Rs 915
The stock has provided a breakout from the symmetrical triangular pattern which is a bullish reversal pattern. The momentum indicator here too is well in buy mode, hence we recommend buying this stock

Today's picks: From UPL to Sun Pharma, hot stocks to watch today

Nifty
Current: 11,023 (fut: 11,015), Target: NA
Stop-long positions at 10,050. Stop-short positions at 11,080. Big moves could go till 11,125, 10,900. A long 10,900p (53), long 11,100c (53) can be offset by short 10,800p (33), short 11,200c (27). This combined long-short strangle has breakevens at 10,854, 11,146.

Bank Nifty
Current: 27,025 (fut: 26,995)
Target: NA
Stop-long positions at 26,875. Stop-short positions at 27,125. Big moves could go till 27,350, 26,650. Up trend could be halted by profit-booking. Resistance at 27,150-27,200.

UPL
Current price: Rs 582
Target price: Rs 572
Keep a stop at Rs 588 and go short. Add to the position between Rs 575 and Rs 577.
Book profits at Rs 572.

Sun Pharma
Current price: Rs 565
Target price: Rs 575
Keep a stop at Rs 560 and go
long. Add to the position between Rs 572 and Rs 574.
Book profits at Rs 575.

Bharti Airtel
Current price: Rs 362; Target price: Rs 357
Keep a stop at Rs 365 and go short. Add to the position between Rs 358 and Rs 359. Book profits at Rs 357.

Technical calls by HDFC Securities for today: Buy Sun Pharma, Tata Elxsi

Stock Market - Nifty outlook and top trading ideas by Vinay Rajani - Technical Analyst, HDFC Securities:
Nifty View
Nifty has been maintaining its choppy trend, where it has remained in the range of 10,600-10,800 for last many sessions. Nifty has to surpass the resistance of 10,800 on closing basis to get clear cut bullish setup. On the downside 10,550-10,600 is a strong support zone for Nifty.

Buy Sun Pharma
CMP: Rs 574
Target: Rs 610
Stop loss: Rs 555
Pharma sector has remained in the focus in the June Month and many stocks from the sector have formed trend reversal patterns on the charts. Sunpharma remained the leader from the space with price appreciation during the month with rising volumes. For last couple of weeks, stock went in to a consolidation, which could be a small pause after upward swing seen during previous month. Recent consolidation should be utilized to accumulate the stock. Oscillator setup has also turned bullish. We recommend Buying Sunpharma for the upside target of 610, keeping SL at 555.

Forbes India rich list is out: Ambani richest with $38 bn net worth, Premji 2nd

Even as the U.S.A is facing economic hiccups and the government facing criticisms from numerous quarters over its coping with of the economic system, the wealthiest people in India do now not appear to be affected. regardless of corporations facing problems in the aftermath of the government’s demonetisation of excessive-cost currency remaining November and its rollout of the goods and services tax (GST) regime in July this year, India’s 100 wealthiest tycoons have visible their mixed net worth zooming to a whopping $479 billion, up 26 per cent from $374 billion in 2016.

according to the Forbes’ annual list of India’s 100 richest tycoons, Reliance Industries Chairman Mukesh Ambani stays the usa’s richest, with a internet well worth of $38 billion, Wipro Chairman Azim Premji is a distant second at the list with exactly half of the wealth. His net really worth stands at $19 billion.

Here are the top 10 richest Indians by net worth on Forbes annual list of India’s 100 richest tycoons