Stocks to buy: BSE, ITC, ICICI Bank, Motherson Sumi, Finolex Industries
Milan Vaishnav of Gemstone Equity Research and Advisory is bullish on ICICI Bank with a target price Rs 735.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 89 points at the opening bell. Overseas, Asian stocks traded lower on Wednesday following an overnight tumble on Wall Street and bond yields spiked on concerns about inflation. Investors watched the 10-year treasury yield, which crossed the 1.5% mark on Monday and has continued rising and was last sitting at 1.553%. Yields move inversely to prices. Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Mudit Goyal, SMC Global Securities
BSE | Buy | Stop loss: Rs 1,240 | Target price: Rs 1,320
Finolex Industries | Buy | Stop loss: Rs 201 | Target price: Rs 222
Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory
ITC | Buy | Stop loss: Rs 233 | Target price: Rs 248
ICICI Bank | Buy | Stop loss: Rs 707 | Target price: Rs 735
Motherson Sumi | Buy | Stop loss: Rs 226 | Target price: Rs 245
(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.)