Stocks to buy: Deepak Nitrite, Tata Chemicals, Mahindra & Mahindra, Sun Pharma
Rohit Singre of LKP Securities is positive on Deepak Nitrite with a target price of Rs 2,420/2,480.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 47 points at the opening bell. Overseas, Asian stocks traded mixed on Thursday as investors reacted to the release of Chinese factory activity data for September. China’s official manufacturing Purchasing Managers’ Index for September came in at 49.6. Meanwhile, a private survey on Chinese factory activity in September came in above expectations, with the Caixin/Markit manufacturing PMI for the month rising to 50 for the month as compared with August’s reading 49.2. Here are 4 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Rohit Singre, LKP Securities
Deepak Nitrite | Buy | Stop loss: Rs 2330 | Target price: Rs 2,420/2,480
Tata Chemicals | Buy | Stop loss: RS 910 | Target price: Rs 946/60
Recommendations by: Sneha Seth, Angel Broking
Mahindra & Mahindra | Buy | Stop loss: Rs 794.60 | Target price: Rs 845
Sun Pharma | Buy | Stop loss: Rs 791 | Target price: Rs 850
(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.)