Trading ideas: four stock recommendations for Monday
Kotak Securities is bearish on IndusInd Bank with a price target of Rs 830 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 114 points at the opening bell. Overseas, Asian stocks are trading lower on Monday, with China slashing its benchmark lending rate for the first time in more than one-and-a-half years. China on Monday announced a cut in its one-year loan prime rate from 3.85% to 3.8% — the first such move since April 2020. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
IndusInd Bank | Sell | Stop loss: Rs 905 | Price target: Rs 830
HUL | Buy | Stop loss: Rs 2,180 | Price target: Rs 2,300
Recommendations by: Rajesh Palviya, Axis Securities
JSL | Buy | Stop loss: Rs 184 | Price target: Rs 198-204
HPCL (Futures) | Sell | Stop loss: Rs 296 | Price target: Rs 275
(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.)