IDFC strong, M&M weak: Here's what to buy and sell today

Here are your intra day picks for the day from various market experts and brokerage houses :

Shardul Kulkarni, Angel Broking has one buy and sell call. He is bullish on IDFC as it had a good run on the bourses yesterday and he feels that this upside momentum is likely to continue. He recommends buying the stock in the range of Rs 121-125, with a stop loss at Rs 117 and a target price of Rs 135 over the next six to eight trading sessions.

Mahindra and Mahindra is the stock he recommends to sell today. The weakness seen in Tata Motors could spill over to this stock as well and hence he recommends selling Mahindra and Mahindra below the levels of Rs 647. The stop loss should be placed at Rs 658 and the target price one could look at in the next 3-5 trading sessions is at Rs 625 per share.

Vishal Malkan, CMT, www.malkansview.com has two buy calls, Ultratech Cement and JP Associates. He recommends buying Ultratech Cement with a with a stop of Rs 1,405 for targets of Rs 1,438 and Rs 1,445. His second pick is JP Associates. He recommends buying the scrip with a stop loss of Rs 60.5 for targets of Rs 63.50 and 64.50.

Nooresh Merani of AMSEC Research also has two buy calls. He is bullish on Aditya Birla Nuvo with a stop loss at Rs 720 and a target price of Rs 850. The stock has been in the range of Rs 700-1000 for the last two years. The second scrip that he recommends buying is Tata Motors. He recommends picking it in dips to Rs 225 and a stop loss at Rs 218 with a target price of Rs 245 in the short term.

Anil Manghnani, Modern Shares & Stock Brokers, recommends buying Voltas as he says that the stock can test Rs 105- Rs 108 levels. He says that at Rs 96, its correction is over done and that the stock is headed back to Rs 105-108 levels.

Disclaimer: Views expressed above are that of various market experts only and Firstpost will not be held responsible for any investment decision based on the above recommendations.