Trading ideas: 6 stock recommendations for Monday

• Follow

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise around 35 points at the opening bell. Earlier, the equity benchmark Sensex declined 132 points on Friday, led by profit booking in banking stocks after the Reserve Bank of India’s monetary policy announcements. The 30-share BSE Sensex ended 132.38 points or 0.25% down at 52,100.05, while the broader NSE Nifty slipped 20.10 points or 0.13% to 15,670.25.

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

Recommendations by: Ashish Kyal, Waves Strategy Advisors

V Guard | Buy | Stop loss: Rs 252 | Target price: Rs 275

Bajaj Finance | Buy | Stop loss: Rs 5,800 | Target price: Rs 6,300

Adani Enterprises | Buy | Stop loss: Rs 1650 | Target price: Rs 1800

Recommendations by: Mazhar Mohammad, Charview India NLC | Buy | Stop loss: Rs 59 | Target price: Rs 73

M&M Financial | Buy | Stop loss: Rs 160 | Target price: Rs 187

Welspun India | Buy | Stop loss: Rs 85 | Target price: Rs 103

(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.)