Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 186 points at the opening bell. Overseas, Asian stocks declined on Friday trade as investors watched bond yields as well as technology stocks in the region.
Here are 8 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Nirav Chheda of Nirmal Bang Securities
Dr Reddy’s Labs | Buy | Stop loss: Rs 4,450 | Target price: Rs 4,800
UltraTech Cement | Buy | Stop loss: Rs 6,600 | Target price: Rs 7,100
NMDC | Buy | Stop loss: Rs 133 | Target price: Rs 149
Recommendations by: Jay Thakkar, Marwadi Share and Finance
Navinfluorine | Buy | Stop loss: Rs 2,730 | Target price: Rs 3,050-3,150
Hindustan Unilever | Buy | Stop loss: Rs 2,145 | Target price: Rs 2,300-2360
Recommendations by: Mazhar Mohammad of Chartview India
JSW Energy | Buy | Stop loss: Rs 79 | Target price: Rs 92
Gati | Buy | Stop loss: Rs 98 | Target price: Rs 124
Welspun Corporation | Buy | Stop loss: Rs 130 | Target price: Rs 145
(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.)