‘BUY’ OR ‘SELL’ recommendations by CK Narayan

"Indian markets are likely to trade close to 4,980 levels on Nifty in early trade, however expiry pressures and extensive writing in 5,000 calls will prevent the current pullback from taking the markets too high from the present levels", said Kunal Saraogi, CEO, Equityrush.

"Nifty is likely to face stiff selling pressure at 4,980 levels and has robust support at 4900. We expect range bound trade on Wednesday", added Kunal.

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ET Now spoke to various analysts and here's what they have to recommend for today's trade:

CK Narayan, Growth Avenues Asset Advisors

Tata Motors Lts is a 'SELL' call with a target of Rs 707 and a stop loss of Rs 730

Godrej Industries Ltd is a 'BUY' call with a target of Rs 208 and a stop loss of Rs 190

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Tata Consultancy Services Ltd is a 'BUY' call with a target of Rs 1025 and a stop loss of Rs 956

Titan Industries Ltd is a 'BUY' call with a target of Rs 225.50 and a stop loss of Rs 204.50

Financial Technologies Ltd is a 'BUY' call with a target of Rs 787 and a stop loss of Rs 747

Reliance Infrastructure Ltd is a 'BUY' call with a target of Rs 474 and a stop loss of Rs 452.50

Ashwani Gujral of ashwanigujral. com

Chambal Fertilisers & Chemicals Ltd is a 'BUY' call with a target of Rs 120 and a stop loss of Rs 98.00

Rallis India Ltd is a 'BUY' call with a target of Rs 200 and a stop loss of Rs 160.00

Amtek India Ltd is a 'BUY' call with a target of Rs 140 and a stop loss of Rs 100.00

Godrej Industries Ltd is a 'BUY' call with a target of Rs 220 and a stop loss of Rs 183.00

Brokerage Call:

RBS recommends 'HOLD' on HCL Infosystems Ltd with a price target of Rs 74.00

Ambit Capital recommends 'SELL' on UltraTech Cement Ltd with a price target of Rs 967.00

HSBC recommends 'BUY' on HCL Technologies Ltd with a price target of Rs 490.00

Sudarshan Sukhani of Technical Trends

SBI is a 'BUY' call with a target of Rs 2200 and a stop loss of Rs 2035

HDFC Ltd is a 'BUY' call with a target of Rs 660 and a stop loss of Rs 631

Tata Steel Ltd is a 'BUY' call with a target of Rs 485 and a stop loss of Rs 455

Educomp Solutions Ltd is a 'SELL' call with a target of Rs 205 and a stop loss of Rs235