Trading ideas: 6 stock recommendations for August 3, Tuesday
Stock recommendations: Nirmal Bang Securities is positive on ONGC with a target price of Rs 125
The benchmark equity indices are likely to open in the red on Tuesday tracking mixed global cues. Earlier, the benchmark equity indices closed with strong gains at the day’s high on Monday. The undertone of the market was bullish after the GST collection for July crossed Rs 1 lakh crore mark. All sectoral indices on the NSE closed in the green with realty, auto and FMCG leading the way. The barometer index, the S&P BSE Sensex, was up 363.79 points or 0.69% at 52,950.63. The Nifty 50 index gained 122.1 points or 0.77% at 15,885.15. The broader market outperformed the main indices and closed with strong gains. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Manish Shah of NiftyTriggers
Indiabulls Housing | Buy | Stop loss: Rs 277 | Target price: Rs 301-312
JSW Steel | Buy | Stop loss: Rs 735 | Target price: Rs 760-775
Glenmark Pharma | Sell | Stop loss: Rs 620 | Target price: Rs 595-580
Recommendations by: Nirav Chheda of Nirmal Bang Securities
ONGC | Buy | Stop loss: Rs 113 | Target price: Rs 125
Prism Johnson | Buy | Stop loss: Rs 135 | Target price: Rs 155
Lupin | Buy | Stop loss: Rs 1,100 | Target price: Rs 1,170
(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.)