Trading ideas: six stock recommendations for January 19
Angel One is bullish on HDFC Bank with a price target of Rs 1,572 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 19 points at the opening bell. Overseas, Asian stocks are trading lower on Wednesday following an overnight sell-off on Wall Street. US stocks fell sharply Tuesday as government bond yields hit Covid-era highs. Here are six money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Nilesh Jain, Centrum Broking
Axis Bank | Buy | Stop loss: Rs 711 | Target: Rs 750
Ramco Industries | Buy | Stop loss: Rs 272 | Target: Rs 292
Recommendations by: Rajesh Palviya Jain, Axis Securities
Prestige Estates | Buy | Stop loss: Rs 515 | Target: Rs 550
Chola Investment | Buy | Stop loss: Rs 598 | Target: Rs 655
Recommendations by: Sameet Chavan, Angel One
HDFC Bank | Buy | Stop loss: Rs 1,498 | Target: Rs 1,572
Tech Mahindra | Sell | Stop loss: Rs 1,702 | Target: Rs 1,595
(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.)