Trading ideas: 6 stock recommendations for September 22, Wednesday

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Indian markets ended higher on Tuesday, to recoup most of the losses in the past two days, led by sharp gains in realty, metals and IT stocks. Today, the start of the session is likely to be negative following a weak trend in the global peers. Traders will be concerned as the Organisation for Economic Co-operation and Development (OECD) cut its projection of India’s economic growth by 0.2 percentage points to 9.7% for the current financial year. Some pessimism may come as India recorded a spike of 27,333 new Covid-19 cases in the past 24 hours. The country also witnessed 385 deaths, taking the death toll to 4,45,801. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Nirav Chheda, Nirmal Bang Securities

Coal India | Buy | Stop loss: Rs 150 | Target price: Rs 170

State Bank of India | Buy | Stop loss: Rs 420 | Target price: Rs 460

Bharti Airtel | Buy | Stop loss: Rs 705 | Target price: Rs 780

Recommendations by: Mudit Goyal, SMC Global Securities

Coforge | Buy | Stop loss: Rs 5,500 | Target price: Rs 5,580

Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group

Hindustan Unilever | Buy | Stop loss: Rs 2,699 | Target price: Rs 3,000

Kolte Patil | Buy | Stop loss: Rs 294 | Target price: Rs 340

(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.)