Trading ideas: 6 stock recommendations for August 18, Wednesday
Milan Vaishnav of Gemstone Equity Research and Advisory is positive on ICICI Lombard General Insurance with a target price of Rs 1510.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 46 points at the opening bell on Wednesday. Overseas, Asian stocks traded mixed on Wednesday as investors reacted to the Reserve Bank of New Zealand’s interest rate decision. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory
ICICI Lombard General Insurance | Buy | Stop loss: Rs 1430 | Target price: Rs 1510
Emami | Buy | Stop loss: Rs 570 | Target price: Rs 635
NTPC | Sell | Stop loss: Rs 119.50 | Target price: Rs 112
Recommendations by: Nirav Chheda, Nirmal Bang Securities
Bharti Airtel | Buy | Stop loss: Rs 610 | Target price: Rs 660
Tata Power | Sell | Stop loss: Rs 137 | Target price: Rs 120
Dr Reddy’s Lab | Buy | Stop loss: Rs 4,600 | Target price: Rs 4,900
(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.)
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