Trading ideas: 9 stock recommendations for Wednesday

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 trading mostly lower on Wednesday as investors wait for the outcome of the US Federal Reserve’s two-day policy meeting later in the day. All eyes are on the US Fed whether the central bank will maintain near-zero interest rates amid the economy’s post-pandemic recovery. In US, the Dow fell from its record high and snapped a seven-day winning streak on Tuesday ahead the Federal Reserve’s upcoming policy announcement.

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

Recommendations by: Manas Jaiswal of Manasjaiswal.com

Mphasis | Buy | Stop loss: Rs 1680 | Target price: Rs 1830

Asian Paints | Buy | Stop loss: Rs 2,429 | Target price: Rs 2,550

Gujarat Gas | Buy | Stop loss: Rs 519 | Target price: Rs 565

Recommendations by: Mazhar Mohammad of Chartview India

Prakash Industries | Buy | Stop loss: Rs 66 | Target price: Rs 79

DB Corp | Buy | Stop loss: Rs 93 | Target price: Rs 104

Sobha | Buy | Stop loss: Rs 445 | Target price: Rs 488

Recommendations by: Mehul Kothari, Anand Rathi Shares and Stock Brokers

Aurobindo Pharma | Buy | Stop loss: Rs 810 | Target price: Rs 900

HDFC AMC | Buy | Stop loss: Rs 2,870 | Target price: Rs 3,170

Varun Beverages | Buy | Stop loss: Rs 960 | Target price: Rs 1,050

(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.)