Ten Stocks tips focus in Wednesday morning trade - Equity Research Lab

Equity research lab: The domestic market is expected to trade range bound on Wednesday tracking muted trend seen in other Asian markets.

"Around 7,850-7,870, there is some kind of supply zone on Nifty50's intraday charts. So if we do not break that, we might be consolidating for some time in the 7,720-7,700 range on the downside and in the 7,850-7,870 range on the upside," said Mitesh Thacker, Technical Analyst, miteshthacker.com.

"I think there is a chance that we might actually break beyond the level if the banks start regaining momentum. That is one of the outperforming sectors in the short term," he said.

Thacker said should that happen, the bounce back would get extended by about 100 points. "So on the upside, we might rise to about 7,950-7, 980," he said. 

Here is a list of top ten Stocks Tips that are likely to be in focus today:

Jet Airways, InterGlobe Aviation: Competition watchdog has imposed penalties to the tune of Rs 151 crore on Jet AirwaysBSE -1.50 %, Rs 63 crore on IndiGo and Rs 42 crore on Spice Jet, finding the airlines guilty of colluding in fixing of fuel surcharge for cargo transportation.

SpiceJet: Emboldened by a quick turnaround in fortunes under its new promoters, budget airline SpiceJetBSE 3.23 % has initiated talks with aircraft manufacturers to place orders for at least 150 planes, said Ajay Singh, chairman of India's fourth largest carrier.

Pipavav Defense: Reserve Bank of India on Tuesday allowed foreign investors to raise their investment in Pipavav Defence and Offshore Engineering.

Novartis India: Drug firm NovartisBSE -1.06 % said it has taken remedial action at its two plants in Western India which had received a warning letter from the US health regulator and expects the manufacturing facility to returm to normal functioning soon.

Raymond: Suiting fabric maker RaymondBSE -0.71 % said it has infused Rs 61.68 crore in Raymond Luxury Cottons (RLCL) by subscribing to equity shares.

Piramal Enterprises: Piramal HealthcareBSE -0.52 % UK Ltd has invested £2.0 million into Scotland to expand its manufacturing base of Antibody Drug Conjugates to global markets.

Persistent System: Pune-headquartered Persistent System's has announced that it has completed the acquisition of the digital content management solutions business of US-based Akumina. Persistent's Venture Captial arm also announced an investment of $250,000 in Akumina's product portfolio.

Mahindra Lifespace Developers: Realty firm Mahindra LifespaceBSE 1.19 % Developers said it has bought a land parcel in Maharashtra to develop a housing project.

Essar Ports: Promoters of Essar PortsBSE -0.04 % will acquire shares worth over Rs. 1,047 crore from public shareholders at a price of Rs 133 apiece, as part of the delisting process.

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