Trading ideas: 6 stocks recommendations for Friday, August 13

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could open flat with negative bias at the opening bell. Earlier, the domestic equity barometers ended with robust gains on Thursday. The Nifty closed above the 16,350 mark. IT shares rallied while pharma shares declined. The S&P BSE Sensex advanced 318.05 points or 0.58% to 54,843.98. The Nifty 50 index added 82.15 points or 0.50% to 16,364.40. Both the indices attained closing high levels. The Sensex hit a record high at 54,874.10 while the Nifty hit an all-time high of 16,375.50 in mid-afternoon trade. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Sneha Seth, Angel Broking

Tech Mahindra | Buy | Stop loss: Rs 1,297 | Target price: Rs 1,365

Tata Steel | Buy |Stop loss: Rs 1,385 | Target price: Rs 1,460

Recommendations by: Santosh Meena , Head of Research, Swastika Investmart

Tata Power | Buy | Stop loss: Rs 129.5 | Target price: Rs 139

Larsen & Toubro | Buy | Stop loss: Rs 1,585 | Target price: Rs 1,685

Recommendations by: Rohit Singre, LKP Securities

Escorts | Buy | Stop loss: Rs 1,180 | Target price: Rs 1,330

BPCL | Buy | Stop loss: Rs 440 | Target price: Rs 470