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 higher Wednesday as investors returned to risky assets, confident that a massive U.S. stimulus package will soon be approved. The session in Asia-Pacific follows an overnight session on Wall Street where bond yields declined and tech stocks staged a comeback.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Mazhar Mohammad of Chartview India
M&M Finance | Buy | Target price: Rs 221 | Stop loss: Rs 200
Exide | Buy | Target price: Rs 212 | Stop loss: Rs 197
Edelweiss Financial Services | Buy | Target price: Rs 84 | Stop loss: Rs 74
Nilesh Jain of Anand Rathi
Wipro | Buy | Target price: Rs 440 | Stop loss: Rs 410
Asian Paints | Buy | Target price: Rs 2,460 | Stop loss: Rs 2,395
Escorts | Buy | Target price: Rs 1,400 | Stop loss: Rs 1,340
(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.)