Trading ideas: 5 stock recommendations for September 13, Monday
Mazhar Mohammed of Chartview India is positive on Rain Industries with a target price of Rs 267
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could open in the red on Monday. Overseas, Asian stocks traded lower on Monday, with stocks in Hong Kong leading losses. Chinese technology stocks were under pressure after a report that China is seeking to break up Ant Group Co’s Alipay and create a separate app for its loan business. Trade tension is also in the spotlight again after the Biden administration was said to be reportedly weighing a new probe into Chinese subsidies. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Ajit Mishra, Religare Broking
Container Corporation | Buy | Stop loss: Rs 718 | Target price: Rs 775
Pidilite Industries | Buy | Stop loss: Rs 2280 | Target price: Rs 2,500
Recommendations by: Mazhar Mohammed, Chartview India
Rain Industries | Buy | Stop loss: Rs 230 | Target price: Rs 267
J&K Bank | Buy | Stop loss: Rs 35.80 | Target price: Rs 43
Surya Roshni | Buy | Stop loss: Rs 515 | Target price: Rs 590
Market outlook
Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, “The short term trend of Nifty continues to be rangebound. Having recovered in the latter part of Thursday, there is a possibility of an upside bounce in the early part of the week before encountering another resistance around 17,500-17,600 levels. Immediate support is placed at 17200.”
(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.)