Stocks to buy: Reliance Industries, NMDC, RBL Bank, Tata Steel, Hero MotoCorp

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Indian markets closed flat Monday but managed to scale record highs, amid volatility as IT stocks dragged while autos, banks, and Reliance Industries lend support to the indices. Today markets likely to open flat with a positive bias amid mixed global cues. Traders will get encouragement as rating agency Icra revised up its 2021-22 real GDP growth estimate for India to 9% from the earlier 8.5%. It said a ramp-up in Covid-19 vaccination, healthy advance estimates of Kharif (summer) crop and faster government spending were the factors that led to the revision. Some support will come as Commerce and industry minister Piyush Goyal said export figures have hit $185 billion as of September 21.

Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Nirav Chheda, Nirmal Bang Securities

Reliance Industries | Buy | Stop loss: Rs 2,480 | Target price: Rs 2,580

NMDC | Buy | Stop loss: Rs 136 | Target price: Rs 148

HDFC AMC | Buy | Stop loss: Rs 3140 | Target price: Rs 3,280

Recommendations by: Manish Shah, Nifty Triggers

RBL Bank | Buy | Stop loss: Rs 182 | Target price: Rs 200-210

Tata Steel | Buy | Stop loss: Rs 1,310 | Target price: Rs 1,180-1,160

Hero Moto | Buy | Stop loss: Rs 2870 | Target price: Rs 2,990-3,040