Trading ideas: 5 stock recommendations for March 3

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 22 points at the opening bell. Overseas, Asian stocks are trading mixed on Wednesday, as a private survey showed slowing services sector activity in China last month. The Caixin/Markit services Purchasing Managers’ Index came in at 51.5 for February, a decline from January’s reading of 52. PMI readings above 50 represent expansion while those below that level signify a contraction.

Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by Milan Vaishnav, Gemstone Equity Research and Advisory

City Union Bank | Buy above Rs 176 | Target price: Rs 185 | Stop loss: Rs 170

Reliance Industries | Buy above 2,106 | Target price: Rs 2,180 | Stop loss: Rs 2,060

Tata Steel | Sell below Rs 735 | Target price: Rs 685 | Stop loss: Rs 755

Recommendations by Manas Jaiswal of Manasjaiswal.com

Tata Motors | Buy | Target price: Rs 375 | Stop loss: Rs 329

Infosys | Buy | Target price: Rs 1,345 | Stop loss: Rs 1,284

(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.)