Trading ideas: four stock recommendations for Tuesday
Religare Broking is bullish on Bharti Airtel with a price target of Rs 800 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 49 points at the opening bell. Overseas, Asian stocks are trading mixed on Tuesday as the Reserve Bank of Australia released minutes from its recent monetary policy meeting. Australia’s central bank is expected to keep the interest rate steady until 2024, according to minutes from its November monetary policy meeting released Tuesday. Given the latest data and forecasts, the central scenario for the economy continued to be consistent with the cash rate remaining at its current level until 2024, the minutes said. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Ajit Mishra of Religare Broking
Bharti Airtel | Buy | Stop loss: Rs 715 | Price target: Rs 800
Gujarat Gas | Buy | Stop loss: Rs 650 | Price target: Rs 710
Recommendations by: Milan Vaishnav of Gemstone
DLF | Buy | Stop loss: Rs 420 | Price target: Rs 445
Tata Consumer Products | Buy | Stop loss: Rs 835 | Price target: Rs 870
(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.)