Trading ideas: 6 stock recommendations for March 4
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 245 points at the opening bell. Overseas, Asian stocks are trading lower on Thursday following overnight declines on Wall Street as bond yields rose again.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Manish Shah of Nifty Triggers
Federal Bank | Buy | Target price: 94-98 | Stop loss: Rs 83
Holding period 4-6 days
Jamna Auto | Buy | Target price: Rs 78-85 | Stop loss: Rs 67
Holding period 2-3 weeks
Cipla | Buy | Target price: Rs 840-880 | Stop loss: Rs 775
Holding period 6-8 days
Recommendations by: Vikas Jain, Reliance Securities
SBI Life | Buy | Target price: Rs 995 | Stop loss: Rs 865
Torrent Pharma | Buy | Target price: Rs 2,650 | Stop loss: Rs 2430
TVS Motors | Sell | Target price: Rs 565 | Stop loss: Rs 670
(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.)