Trading ideas: 9 stock recommendations for Friday

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 20 points at the opening bell on Friday. Overseas, Asian stocks were trading on a mixed note on Thursday as multiple major markets in the region were closed for holidays. Markets in China, Japan, South Korea and Taiwan were closed for holidays.

Back home, domestic equity benchmarks ended near the day’s high on Thursday. The barometer index, the S&P BSE Sensex, rose 222.13 points, or 0.43%, to 51,531.52. The Nifty 50 index gained 66.80 points, or 0.44%, to 15,173.30.

Foreign portfolio investors (FPIs) bought shares worth Rs 944.36 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 707.68 crore in the domestic equity market on February 11, provisional data showed.

Here are 9 money making ideas from technical analysts that may deliver a good return in the near term.

Recommendations by: Manas Jaiswal of manasjaiswal.com

ICICI Prudential Life | Buy | Stop loss: Rs 483 | Target price: Rs 515

IDFC First Bank | Buy | Stop loss: Rs 51 | Target price: Rs 56

Hindalco | Buy | Stop loss: Rs 284 | Target price: Rs 310

Recommendations by: Nirav Chheda of Nirmal Bang Securities

Dr Reddy’s Labs | Buy | Stop loss: Rs 4,700 | Target price: Rs 5,000

Bharti Airtel | Buy | Stop loss: Rs 585 | Target price: Rs 630

Reliance Industries | Buy | Stop loss: Rs 2,030 | Target price: Rs 2,120

Recommendations by: Mazhar Mohammad of Chartview India

IDFC First Bank | Buy | Stop loss: Rs 44 | Target price: Rs 57

Arvind | Buy | Stop loss: Rs 59 | Target price: Rs 77

Quess Corp | Buy | Stop loss: Rs 670 | Target price: Rs 770

(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.)