Trading ideas: 6 stock recommendations for Wednesday
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slip 20 points at the opening bell on Wednesday. Earlier, the continuing bull run in the equity market on Tuesday propelled Sensex to a fresh record closing level of 52,773.05 points and the 30-share index also touched a lifetime intra-day high.
Not just the record closing and intraday levels for Sensex, the market capitalisation of BSE-listed companies also reached a lifetime high of Rs 2,31,58,316.92 crore on Tuesday. Sensex has surged for four straight trading session and during this period, the benchmark zoomed 831.41 points while investors’ wealth soared by Rs 3,73,268.03 crore.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Rohit Singre, LKP Securities
Inidigo Paints | Buy| Target price: Rs 2,800-2900 | Stop loss: Rs 2600
Bayer Cropscience | Buy | Target price: Rs 6,200-6500 | Stop loss: Rs 5300
Amara Raja Batteries | Buy | Target price: Rs 800-810 | Stop loss: Rs 774
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Godrej Consumer | Buy | Stop loss: Rs 910 | Target price: Rs 990
Zee | Buy | Target price: Rs 245 | Stop loss: Rs 222
Reliance Industries | Buy | Target price: Rs 2,320 | Stop loss: Rs 2,200
(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.)