Trading ideas: 6 stock recommendations for Monday
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
The domestic equity market is expected to open in the red as trends on SGX Nifty indicate a negative start for the BSE Sensex and NSE Nifty index. Earlier, market benchmarks made an emphatic comeback on Friday after two days of losses as robust results by SBI gave fresh impetus to banking and finance stocks, while a declining trend in Covid-19 cases also assuaged investor concerns.
The 30-share Sensex advanced 975.62 points or 1.97% to end at 50,540.48. This was the benchmark’s biggest single-day jump since March 30 this year. Likewise, the broader NSE Nifty gained 269.25 points or 1.81% to close at 15,175.30.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Mazhar Mohammad, Chartview India
ITD Cementation | Buy | Target price: Rs 94 | Stop loss: Rs 80
OnMobile Global | Buy| Target price: Rs 130 | Stop loss: Rs 105
Balaji Tele | Buy | Target price: Rs 69 | Stop loss: Rs 55
Recommendations by: Ajit Mishra, Religare Broking
Axis Bank | Buy | Target price: Rs 775 | Stop loss: Rs 710
Ambuja Cement | Buy | Target price: Rs 338 | Stop loss: Rs 310
Godrej Consumer Products | Buy | Target price: Rs 900 | Stop loss: Rs 780
(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.)