Trading ideas: 6 stock recommendations for August 9, Monday

The benchmark equity indices are likely to open in the green on Monday tracking weak global cues. Earlier, the benchmark indices snapped a four-day winning run and closed with tiny losses on Friday. The Nifty closed below the 16,250 level after trading above that range for the most part of the day. The Reserve Bank of India kept the repo rate unchanged at 4%. The barometer index, the S&P BSE Sensex, dropped 215.12 points or 0.39% to end at 54,227.72. The Nifty 50 index fell 56.4 points or 0.35% at 16,238.20. Broader markets outperformed the benchmark indices. The S&P BSE Midcap index rose 0.23% while the S&P BSE Smallcap index gained 0.28%. 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

TCS | Buy | Stop loss: Rs 3220 | Target price: Rs 3450

State Bank of India | Buy | Stop loss: Rs 425 | Target price: Rs 460

Recommendations by: Mazhar Mohammad, Chartview India

Jindal Saw | Buy | Stop loss: Rs 130 | Target price: Rs 147

Thirumalai Chemicals | Buy | Stop loss: Rs 193 | Target price: Rs 217

Recommendations by: Chandan Taparia, Motilal Oswal Financial Services

Tata Power | Buy | Stop loss: Rs 131 | Target price: Rs 143

Happiest Minds Technologies | Buy | Stop loss: Rs 1380 | Target price: Rs 1500

JSW Energy | Buy | Stop loss: Rs 240 | Target price: Rs 265

(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.)