Trading ideas: 6 stock recommendations for Thursday

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The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the green on Thursday tracking mixed global cues and SGX Nifty. Earlier, the domestic equity markets staged a smart recovery from intra-day lows to close flat for the second straight session on Wednesday as a spurt in market heavyweight RIL offset profit-booking in FMCG, finance and IT counters. After dropping to a low of 51,450.58 in late afternoon trade, the BSE Sensex clawed back lost ground to finish 85.40 points or 0.16 per cent down at 51,849.48. The broader NSE Nifty inched up 1.35 points or 0.01 per cent to close at 15,576.20.

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

Recommendations by: Nilesh Jain, Centrum Broking

Apollo Hospitals | Buy | Stop loss: Rs 3,210 | Target price: Rs 3,400

HDFC Life | Buy | Stop loss: Rs 661 | Target price: Rs 705

Canara Bank | Buy | Stop loss: Rs 159 | Target price: Rs 172

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Phillips Carbon Black | Buy | Stop loss: Rs 216 | Target price: Rs 240

Lupin | Buy | Stop loss: Rs 1,215 | Target price: Rs 1,325

Max Financial Services | Buy | Stop loss: Rs 930 | Target price: Rs 990

(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.)