Trading ideas: four stock recommendations for Wednesday
Religare Broking is bullish on PI Industries with a price target of Rs 3,050 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 trading mixed on Wednesday as the world waited to hear from the US Federal Reserve on when it would stop buying assets and start raising interest rates. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
Biocon | Buy | Stop loss: Rs 365 | Price target: Rs 398
RBL Bank | Sell | Stop loss: Rs 200 | Price target: Rs 180
Recommendations by: Ajit Mishra, Religare Broking
India Cements | Buy | Stop loss: Rs 191 | Price target: Rs 205
PI Industries | Buy | Stop loss: Rs 2,900 | Price target: Rs 3,050
(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.)