Trading ideas: Three stock recommendations for November 25
GCL Securities is bearish on IndusInd Bank with a price target of Rs 940 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 15 points at the opening bell. Overseas, Asian stocks are trading mixed on Thursday as investors reacted to the Bank of Korea’s rate decision. The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected. U.S. stocks pushed modestly higher on Wednesday as the recent jump in bond yields took a breather, allowing tech stocks to recover. Here are three money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Ravi Singh, ShareIndia
Apollo Tyres | Buy | Stop loss: Rs 218 | Price target: Rs 235
BPCL | Buy | Stop loss: Rs 398 | Price target: Rs 416
Recommendations by: Ravi Singhal, GCL Securities
IndusInd Bank | Sell | Stop loss: Rs 982 | Price target: Rs 940
(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.)