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.
The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the green on Wednesday tracking gains in Asian peers. Traders will be eyeing the RBI Governor Shaktikanta Das’ speech at 10 am as the nation faces an unrelenting second wave of Covid-19 pandemic. The domestic equity markets closed around 1% lower on Tuesday following weak global cues, selling by foreign institutional investors (FIIs) and concern over spiralling coronavirus infections.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Ashish Kyal, Waves Strategy Advisors
Hindustan Zinc | Buy | Stop loss: Rs 276 | Target price: Rs 307
Indiabulls Real Estate | Buy | Stop loss: Rs 74.50 | Target price: Rs 83.50
Titan | Buy | Stop loss: Rs 1,350 | Target price: Rs 1,515
Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory Services
Mahindra & Mahindra Financial Services | Buy | Stop loss: Rs 149 | Target price: Rs 165
Hindustan Petroleum Corporation Ltd | Buy | Stop loss: Rs 234 | Target price: Rs 260
Bharat Electronics | Buy | Stop loss: Rs 129 | Target price: Rs 139
(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.)