Trading ideas: 6 stock recommendations for Wednesday
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 rise 81 points at the opening bell. Overseas, Asian stocks are trading mixed on Wednesday as investors turned cautious, despite remarks overnight from Federal Reserve Chair Jerome Powell that attempted to ease some worries around higher interest rates and inflation.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Manas Jaiswal of Manasjaiswal.com
Tata Steel | Buy | Stop loss: Rs 714 | Target price: Rs 765
Cummins | Buy | Stop loss: Rs 780 | Target price: Rs 840
Kotak Mahindra Bank | Sell | Stop loss: Rs 1,921 | Target price: Rs 1,800
Rohit Singre of LKP Securities
VRL Logistics | buy above Rs 251 | Stop loss below: Rs 243 | Target price: Rs 260/67
Balrampur Chini | Buy | Stop loss below Rs 168 | Target price: Rs 190/200
Tata Power | Buy | Stop loss below Rs 91 | Target price: Rs 96-98
(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.)