Trading ideas: 8 stock recommendations for Wednesday

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Asian shares slipped for the second straight session on Wednesday to one-month lows as investors speculated that surging commodity prices and growing inflationary pressure in the United States could lead to earlier rate hikes and higher bond yields globally. US stocks too hit a one-month low on Tuesday.

Following weak global cues, the Indian stock market is expected to open on a cautious note.

Here are 8 money making ideas from technical analysts that may deliver good gains in the near term

Recommendations by: Ashish Kyal, Wave Strategy Advisors

Sagar Cement | Buy | Stop loss: Rs 790 | Target price: Rs 890

Astec Lifesciences | Buy | Stop loss: Rs 1,180 | Target price: Rs 1,340

BEML | Buy | Stop loss: Rs 1,270 | Target price: Rs 1,400

Recommendations by: Mudit Goyal, SMC Global Securities Pidilite Industries | Buy | Stop loss: Rs 1855 | Target price: Rs 1,930

Exide Industries | Buy | Stop loss: Rs 183 | Target price: Rs 192

Recommendations by: Nirav Chheda, Nirmal Bang Securities SBI | Buy | Stop loss: Rs 350 | Target price: Rs 385

ONGC | Buy | Stop loss: Rs 113 | Target price: Rs 130

Alkem Laboratories | Buy | Stop loss: Rs 2850 | Target price: Rs 3,300

(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.)