Trading ideas: Stock recommendations for Friday
The BSE Sensex ended 164.11 points or 0.31% lower at 52,318.60 on Thursday.
The benchmark equity indices are likely to open higher on Friday tracking mixed global cues. In the previous trading session, equity benchmark Sensex dropped 164 points on Thursday following losses in index majors Infosys, HDFC twins and Reliance Industries amid a weak trend in Asian peers. The 30-share BSE index ended 164.11 points or 0.31% lower at 52,318.60. Similarly, the broader NSE Nifty inched 41.50 points or 0.26% down to 15,680.
Here are 4 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group
Dr Reddy’s Labs | Buy | Stop loss: Rs 5474 | Target price: Rs 5,700 | CMP: Rs 5559.15
Godrej Consumer Products | Buy | Stop loss: Rs 874 | Target price: Rs 910 | CMP: Rs 888.35
Recommendations by: Chandan Taparia, Motilal Oswal Financial Services
Jindal Saw | Buy | Stop loss: Rs 120 | Target price: Rs 130 | CMP: Rs 123.35
Deepak Nitrite | Buy | Stop loss: Rs 1,840 | Target price: Rs 1975 | CMP: Rs 1882.70
(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.)