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 strong gains in SGX Nifty. Earlier, equity gauges Sensex and Nifty registered their biggest single-session gains in about seven weeks on Monday as investor optimism returned amid a consistent drop in new Covid-19 cases in the country.
The 30- Sensex zoomed 848.18 points or 1.74% to end at 49,580.73. Likewise, the 50-share Nifty surged 245.35 points or 1.67% to settle at 14,923.15 — the biggest one-day gains for both indices since March 30.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Nilesh Jain, Centrum Broking
UltraTech Cement | Buy | Stop loss: Rs 6380 | Target price: Rs 6700
Piramal Enterprises | Buy | Stop loss: Rs 1620 | Target price: Rs 1710
REC | Buy | Stop loss: Rs 138 | Target price: Rs 149
Recommendations by: Sneha Seth, Angel Broking
Hindalco | Buy | Stop loss: Rs 377 | Target price: Rs 427
Berger paint | Buy | Stop loss: Rs 742 | Target price: Rs 810
UBL | Buy | Stop loss: Rs 1,190 | Target price: Rs 1,287
(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)