Trading ideas: four stock recommendations for November 30
Ventura Securities is bullish on Zee Entertainment Enterprises with a price target of Rs 425 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell. Overseas, Asian stocks are mostly trading higher on Tuesday as Japanese stocks led gains regionally, with investors reacting to the release of Chinese factory activity data for November. China’s factory activity unexpectedly picked up in November, growing for the first time in three months as raw material prices fell and power rationing abated. The official manufacturing Purchasing Manager’s Index (PMI) was at 50.1 in November, up from 49.2 in October, data from the National Bureau of Statistics showed. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
HDFC Life | Buy | Stop loss: Rs 660 | Price target: Rs 710
Bandhan Bank | Sell | Stop loss: Rs 275 | Price target: Rs 250
Recommendations by: Bharat Gala, Ventura Securities
SCI | Buy | Stop loss: Rs 92 | Price target: Rs 190
Zee Entertainment Enterprises | Buy | Stop loss: Rs 260 | Price target: Rs 425
(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.)