Trading ideas: 6 stock recommendations for September 14, Tuesday

Benchmark equity indices BSE Sensex and NSE Nifty ended lower on Monday amid selling in banking and financial stocks. Today, the markets are likely to make a slightly positive start after lower inflation (CPI) numbers amid mixed global cues. Investors will be eyeing the wholesale inflation numbers to be out later in the day. Traders will be taking encouragement with the government data showing that India’s retail inflation in August marginally eased to 5.3%, staying within the Reserve Bank of India’s comfort zone for a second month. Inflation in the food basket was 3.11% in August compared to 3.96% in the preceding month. Traders may take note of the report that the oil marketing companies (OMCs) kept petrol, diesel prices unchanged on Tuesday for the ninth day in a row. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Manish Shah, Nifty Triggers

Hindalco | Buy | Target price: Rs 490-498 | Stop loss: Rs 468

Dr Lalpathlab | Buy | Target price: Rs 4,350-4,450 | Stop loss: Rs 4,085

Vedanta | Buy | Target price: Rs 320-335 | Stop loss: Rs 295

Recommendations by: Nirav Chheda, Nirmal Bang Securities

HDFC AMC | Buy | Target price: Rs 3500 | Stop loss: Rs 3200

Axis Bank | Buy | Target price: Rs 820 | Stop loss: Rs 765

Kotak Mahindra Bank | Buy | Target price: Rs 1890 | Stop loss: Rs 1,810

(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.)