Trading ideas: six stock recommendations for January 17
Tradebulls Securities is bullish on EID Parry with a price target of Rs 535 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could decline 70 points at the opening bell. Overseas, Asian stocks are trading mixed on Monday after the release of Chinese economic data. Here are six money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Sacchitanand Uttekar, Tradebulls Securities
EID Parry | Buy | Stop loss: Rs 507 | Price target: Rs 535
Havells | Sell | Stop loss: Rs 1,358 | Price target: Rs 1,295
Recommendations by: Nitilesh Pawaskar – Tanisha Academy
Vedanta | Sell | Stop loss: Rs 340 | Price target: Rs 323
Bajaj Finance | Sell | Stop loss: Rs 7,850 | Price target: Rs 7,710
Recommendations by: Manas Jaiswal, Manasjaiswal.com
BEL | Buy | Stop loss: Rs 214 | Target: Rs 228
Amara Raja Batteries | Buy | Stop loss: Rs 5,600 | Target: Rs 5,900
(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.)