Trading ideas: 6 stock recommendations for Friday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall over 100 points at the opening bell. Equity benchmarks BSE Sensex and NSE Nifty spiralled lower for the fifth consecutive session on Thursday as a resurgence in COVID-19 cases in multiple states fanned fears of a second wave of the pandemic, even as global markets darted up after the US Fed reiterated its dovish stance.

Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Nirav Chheda, Nirmal Bang Securities

JSW Steel | Sell | Stop loss: Rs 440 | Target price: 390

Sun Pharma | Sell | Stop loss: Rs 590 | Target price: Rs 545

Tech Mahindra | Sell | Stop loss: Rs 1020 | Target price: Rs 960

Recommendations by: Shrikant Chouhan, Kotak Securities

Titan | Sell | Stop loss: Rs 1,500 | Target price: Rs 1,400

ICICI Bank | Sell | Stop loss: Rs 590 | Target price: Rs 565

Tata Power | Buy | Stop loss: Rs 97 | Target price: Rs 107

(Disclaimer: Stocks recommendations by experts or brokerages are their own and not those of the website or its management. Money9.com advises market participants to check with certified experts before taking any buy, sell or hold decisions.)