Trading ideas: 6 stock recommendations for August 6, Friday
Asian stocks traded lower on Friday as investors await the release of a closely watched US jobs report.
Trading of Nifty 50 index futures on the Singapore stock exchange (SGX Nifty) indicates that the Nifty could rise 11 points at the opening bell. Overseas, Asian stocks traded lower on Friday as investors await the release of a closely watched US jobs report. The major US equity indices rose Thursday and the S&P 500 set a new record closing high as energy and travel stocks bounced back ahead of a key labor market report. Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Tata Steel | Buy | Stop loss: Rs 1,415 | Target price: Rs 1,500
HCL Technologies | Buy | Stop loss: Rs 1,035 | Target price: Rs 1,111
Recommendations by: Nilesh Jain, Centrum Broking
Navin Fluorine International | Buy | Stop loss: Rs 3590 | Target price: Rs 3860
HCL Technologies | Buy | Stop loss: Rs 1,035 | Target price: Rs 1,100
Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group
JSW Steel | Buy | Stop loss: Rs 744 | Target price: Rs 800
Tata Power | Buy | Stop loss: Rs 131 | Target price: Rs 140
(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.)