Trading ideas: four stock recommendations for December 08
Proficient Equities is bullish on Oricon Enterprise with a price target of Rs 44 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could surge 123 points at the opening bell. The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) kicked off its three-day policy meet on 6 December 2021. MPC’s interest rate decision will be announced today, 8 December 2021. In the previous meeting, MPC kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4%. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Milan Vaishnav of EquityResearch.asia
Bank of Baroda | Buy | Stop loss: Rs 84 | Price target: Rs 93
Tata Consumer | Buy | Stop loss: Rs 735 | Price target: Rs 770
Recommendations by: Manoj Dalmia, Proficient Equities
Ramky Infra | Buy | Stop loss: Rs 198 | Price target: Rs 233
Oricon Enterprise | Buy | Stop loss: Rs 33.50 | Price target: Rs 44
(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.)