Trading ideas: two stock recommendations for Monday
Kotak Securities is bullish on State Bank of India with a price target of Rs 471 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 26 points at the opening bell. The gross GST (Goods and Services Tax) revenue collected in December 2021 stood at Rs 1,29,780 crore, which is slightly lower than the revenue collected in November. The gross GST collection in November stood at Rs 1.31 lakh crore. Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
Persistent System | Buy | Stop loss: Rs 4,839 | Price target: Rs 5,025
SBI | Buy | Stop loss: Rs 454 | Price target: Rs 471
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