Trading ideas: six stock recommendations for January 21
Tradebulls is bullish on BEL with a price target of Rs 223 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 122 points at the opening bell. Overseas, Asian stocks are trading lower on Friday, tracking declines on Wall Street overnight. Here are six money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Sacchitanand Uttekar, Tradebulls
BEL | Buy | Stop loss: Rs 206 | Target: Rs 223
Amara Raja | Sell | Stop loss: 642 | Target: Rs 615
Recommendations by: Nitilesh Pawaskar, Tanisha Academy
Jindal Steel | Buy | Stop loss: Rs 415 | Target: Rs 432
Escorts | Sell | Stop loss: Rs 1,866 | Target: Rs 1,830
Recommendations by: Manas Jaiswal, Manasjaiswal.com
Powergrid | Buy | Stop loss: Rs 209 | Target: Rs 225
MOIL | Buy | Stop loss: Rs 169 | Target: Rs 182
(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.)