Money making ideas: 6 stock recommendations for Tuesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the domestic equity market may open in the red on Tuesday. The benchmark indices ended with strong gains on Monday, tracking positive global cues. The Nifty closed near the crucial 14,500 mark after trading above that level for most part of the day. Barring the Nifty Pharma index, all sectoral indices on the NSE ended in the green.

The S&P BSE Sensex, soared 508.06 points or 1.06% at 48,386.51. The Nifty 50 index gained 143.65 points or 1% at 14,485. The broader market lagged the benchmarks. The BSE Mid-Cap index rose 0.60% and the BSE Small-Cap index gained 0.88%.

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

Recommendations by: Mehul Kothari, Anand Rathi

Hero MotoCorp | Buy | Stop loss: Rs 2,740 | Target price: Rs 3,050

Kotak Mahindra Bank | Buy | Stop loss: Rs 1,650 | Target price: Rs 1,950

Welspun Corporation | Buy | Stop loss: Rs 133 | Target price: Rs 160

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Pidilite | Buy | Stop loss: Rs 1,800 | Target price: Rs 1,880

Lupin | Buy | Stop loss: Rs 1,040 | Target price: Rs 1,100

Titan | Sell | Stop loss: Rs 1,510 | Target price: Rs 1,420

(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.)