Trading ideas: Six stock recommendations for July 28, Wednesday
Gemstone Equity Research and Advisory is positive on State Bank of India with a target price of Rs 440.
The benchmark equity indices are likely to open in the green on Wednesday tracking mixed global cues. Earlier, the BSE Sensex and NSE Nifty ended a volatile session with losses amid negative global cues on Tuesday. The 50-share index Nifty managed to close just near the 15,750 level after slipping below it in intraday trade. Pharmaceutical, realty and auto stocks tumbled while metals and PSU Bank shares managed to end in the green. The barometer index, the S&P BSE Sensex, fell 273.51 points or 0.52% to 52,578.27. The Nifty 50 index lost 78 points or 0.49% to 15,746.45. The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, jumped 6.28% to 13.2325. 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
State Bank of India (SBI) | Buy | Stop loss: Rs 424 | Target price: Rs 440
Lupin | Buy | Stop loss: Rs 1,090 | Target price: Rs 1,155
Apollo Hospitals | Sell | Stop loss: Rs 4,160 | Target price: Rs 3,950
Recommendations by: Mehul Kothari, Anand Rathi Share and Stock Brokers
HDFC Life | Buy | Stop loss: Rs 660 | Target price: Rs 684
Aurobindo Pharma | Buy | Stop loss: Rs 880 | Target price: Rs 935
3M India | Buy | Stop loss: Rs 23,900 | Target price: Rs 26,900
(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.)