Trading ideas: 6 stock recommendations for Tuesday

Nifty futures traded 78 points or 0.51% higher at 15,279 on Singapore Exchange, indicating a positive opening for BSE Sensex and Nifty 50 on Tuesday. Earlier, the benchmark equity indices ended with small gains on Monday, supported by firmness in banks stocks. The Nifty closed below the 15,200 mark after trading above that level for most part of the session. The moderation in daily new Covid-19 cases in India improved risk sentiments. Barring FMCG and metal, all the sectoral indices on the NSE ended in the green. The barometer index, the S&P BSE Sensex, rose 111.42 points or 0.22% to 50,651.90. The Nifty 50 index gained 22.40 points or 0.15% to 15,197.70.

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

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Heritage Foods | Buy | Stop loss: Rs 325 | Target price: Rs 360

Dr Reddy’s Labs | Buy | Stop loss: Rs 5,230 | Target price: Rs 5,380

Apollo Hospital | Buy | Stop loss: Rs 3,210 | Target price: Rs 3,380

Recommendations by: Sneha Seth, Angel Broking

Ceat | Buy | Stop loss: Rs 1,280 | Target price: Rs 1,390

Larsen & Toubro | Buy | Stop loss: Rs 1,410 | Target price: Rs 1,499

Escorts | Buy | Stop loss: Rs 1,132 | Target price: Rs 1,234

(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.)