Trading ideas: 6 stock recommendations for Tuesday
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the green on Tuesday tracking positive global cues. Earlier, the 30-share pack Sensex wiped off early losses to finish with smart gains on Monday, propped up by HDFC twins, SBI and Reliance Industries amid a mixed trend in global equities. After plunging over 600 points in early trade, the 30-share BSE benchmark made a U-turn to settle 230.01 points or 0.44% higher at 52,574.46. Similarly, the broader NSE Nifty advanced 63.15 points or 0.40% to 15,746.50.
Recommendations by: Manish Shah, NiftyTriggers
NMDC | Buy | Target price: Rs 193-198 | Stop loss: Rs 185
Indusind Bank |Buy| Target price: Rs 1,050-1,080 | Stop loss: Rs 985
Biocon | Buy | Target price: Rs 421-435| Stop loss: Rs 396
Recommendations by: Nirav Cheda, Nirmal Bang Securities
ONGC | Buy | Target price: Rs 130 | Stop loss: Rs 115
HDFC Life | Buy | Target price: Rs 750 | Stop loss: Rs 705
Infosys | Buy | Target price: Rs 1,540 | Stop loss: Rs 1,480
(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.)