Trading ideas: 6 stock recommendations for Tuesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 29 points at the opening bell. Overseas, Asian stocks are mostly higher on Tuesday following overnight gains on Wall Street that saw the major indexes rallying to record closing highs.

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

Recommendations by Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services

MGL | BUY above Rs 1,115 | Target price: TGT Rs 1,260 | Stop loss: Rs 1,060

Axis Bank | Sell below Rs: 734 | Target price: Rs 700 | Stop loss: Rs 755

Lupin | Buy above Rs 1,075 | target price: Rs 1,150 | stop loss: Rs 1,040

Recommendations by Nirav Chheda, technical analyst, Nirmal Bang Securities HDFC Life | Buy | Target price: Rs 720 | Stop loss: Rs 670

HPCL | Buy | Target price: Rs 250 | Stop loss: Rs 220

ONGC | Buy | Target price: Rs 110 | Stop loss: Rs 95

(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.)