Trading ideas: 6 stocks recommendations for Tuesday
Nirmal Bang is bullish on State Bank of India with a price target of Rs 535 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 37 points at the opening bell. Overseas, Asian stocks are trading higher on Tuesday after major indexes on Wall Street rose to record closing highs. South Korea’s economy grew at a slower pace in the third quarter, as robust exports were offset by weak domestic demand and construction and facility investments, data from the Bank of Korea showed on Tuesday. Gross domestic product (GDP) grew a seasonally adjusted 0.3% in the September quarter from three months earlier, slowing from 0.8% growth in the preceding quarter. Here are six money making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Nirav Chheda, Nirmal Bang
SBI | Buy | Stop loss: Rs 490 | Price target: Rs 535
Bharti Airtel | Buy | Stop loss: Rs 670 | Price target: Rs 730
Dr Reddy’s | Buy | Stop loss: Rs 4,500 | Price target: Rs 4,800
Recommendations by: Manish Shah, Niftytriggers.com
Mcdowell | Buy | Stop loss: Rs 790 | Price target: Rs 860-885
Punjab National Bank | Buy | Stop loss: Rs 42 | Price target: Rs 48-52
Page Industries | Sell | Stop loss: Rs 38,200 | Price target: Rs 35,950-34,940
(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.)