Trading ideas: two stock recommendations for Monday
Kotak Securities is bullish on SBI Life with a price target of Rs 1,175 per share.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 28 points at the opening bell. Overseas, Asian stocks are trading mixed on Monday, with multiple major markets in the region closed for holidays, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment. Major markets in Asia-Pacific such as Australia and Hong Kong are closed for the Christmas holidays. Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Shrikant Chouhan, Kotak Securities
Wipro | Buy | Stop loss: Rs 689.50 | Price target: Rs 715
SBI Life | Buy | Stop loss: Rs 1,134 | Price target: Rs 1,175
(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.)