Trading ideas: 4 stock recommendations for Wednesday
Kotak Securities is bullish on Hindalco with a price target of Rs 460 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 44 points at the opening bell. Overseas, Asian stocks are trading mixed on Wednesday as investors monitor moves in U.S. Treasury yields. Singapore’s economy grew 7.1% in the third quarter as compared with a year ago, according to the Ministry of Trade and Industry. It was higher than an earlier official advance estimate for 6.5% year-on-year growth. Here are 4 money making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
Hindalco | Buy | Stop loss: Rs 430 | Price target: Rs 460
Mphasis | Sell | Stop loss: Rs 3,295 | Price target: Rs 3,050
Recommendations by: Ravi Singh, Share India
GAIL | Buy | Stop loss: Rs 134 | Price target: Rs 145
Adani Ports | Buy | Stop loss: Rs 715 | Price target: Rs 740
(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.)