Trading ideas: 6 stock recommendations for Wednesday

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The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the green on Wednesday tracking positive global cues. Earlier, equity benchmark Sensex ended on a flat note after scaling the 53,000-mark on Tuesday as investors booked profits at higher levels. After touching a lifetime intra-day peak of 53,057.11, the 30-share BSE Sensex settled 14.25 points or 0.03% up at 52,588.71, marking its third straight session of gains. Likewise, the broader NSE Nifty added 26.25 points or 0.17% to close at 15,772.75.

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

Recommendations by: Chandan Taparia, Motilal Oswal Financial Services

Bajaj Auto | Buy | Stop loss: Rs 4,100 | Target price: Rs 4,400

Concor | Buy | Stop loss: Rs 685 | Target price: Rs 740

Titan | Buy | Stop loss: Rs 1,715 | Target price: Rs 1,840

Recommendations by: Mudit Goyal, SMC Global Securities

NTPC | Buy | Stop loss: Rs 116 | Target price: Rs 122

SBI Life | Buy | Stop loss: Rs 990 | Target price: Rs 1030

Tata Consumer | Buy | Stop loss: Rs 745 | Target price: Rs 770

(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.)