Trading ideas: 6 stock recommendations for September 7, Tuesday
Nirav Cheda of Nirmal Bang bets on Bharti Airtel for a target of Rs 700.
Indian equity markets are expected to open flat as trends on the SGX Nifty indicate a muted opening for the Nifty. On Monday, the record run for the market had continued with the the Nifty surpassing 17,400 mark in intraday, and rose 54.20 points to close at 17,377.8. Experts say the key support levels for the Nifty are placed at 17,330-17,300 and if the index moves up, the key resistance levels to watch out for are 17,423.07 and 17,468.33.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by Nirav Cheda, Nirmal Bang
Bharti Airtel| Buy | Stop loss: Rs 635 | Target price: Rs 700
Escorts | Buy | Stop loss: Rs 1340 | Target price: Rs 1440
IOC | Buy | Stop loss: Rs 106 | Target price: Rs 130
Manish Shah, Founder, Niftytriggers.com
HCL Tech | Buy | Stop loss: Rs 1170 | Target price: Rs 1255
Godrej properties | Buy | Stop loss: Rs 1560 | Target price: Rs 1690
Balkrishna Industries| Buy | Stop loss: Rs 2380 | Target price: Rs 2630
(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.)