Trading ideas: 4 stock recommendations for October 21
LKP Securities is bullish on State Bank of India with a price target of Rs 520.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 41 points at the opening bell. Overseas, Asian stocks are trading mixed on Thursday, as investors monitored shares of developer China Evergrande Group in Hong Kong. Foreign portfolio investors (FPIs) sold shares worth Rs 1,843.09 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,680.73 crore in the Indian equity market on 20 October, provisional data showed. Here are 4 money making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Sneha Seth, Angel One
M&M OCT PE 900 | Buy | Stop loss: Rs 9.75 | Price target: Rs 26
Torrent Pharma | Sell | Stop loss: Rs 3,060 | Price target: Rs 2,870
Recommendations by: Rohit Singre, LKP Securities
Bharti Airtel | Buy | Stop loss: Rs 685 | Price target: Rs 715/730
SBI | Buy | Stop loss: Rs 490 | Price target: Rs 520
(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.)