Trading ideas: 5 stock recommendations for July 30, Friday
Stock recommendations: Motilal Oswal Financial Services is positive on State Bank of India with a target price of Rs 460
The benchmark equity indices are likely to open in the red on Friday tracking weak global cues. Earlier, the domestic equity benchmarks ended with modest gains after a volatile session on Thursday. The Nifty, however, closed below the 15,800 mark. The bourses witnessed bouts of volatility on account of monthly F&O contracts expiry on the NSE. While metal, PSU banks, realty and IT stocks edged higher, FMCG, pharma and auto shares edged lower. The barometer index, the S&P BSE Sensex, advanced 209.36 points or 0.4% to 52,653.07. The Nifty 50 index added 69.05 points or 0.44% to 15,778.45. Meanwhile, the NSE’s India VIX, a gauge of market’s expectation of volatility over the near term, dropped 5.45% to 12.95. Here are 6 money making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
State Bank of India | Buy | Stop loss: Rs 431 | Target price: Rs 460
Balrampur Chini Mills | Buy | Stop loss: Rs 365 | Target price: Rs 395
Recommendations by: Mudit Goyal, SMC Global Securities
Infosys | Buy | Stop loss: Rs 1,600 | Target price: Rs 1,640
Sun Pharma | Buy | Stop loss: Rs 694 | Target price: Rs 717
DLF | Buy | Stop loss: Rs 334 | Target price: Rs 348
(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.)