Trading ideas: 5 stock recommendations for Wednesday
Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise over 10 points at the opening bell. Earlier, the benchmark equity indices BSE Sensex and NSE Nifty ended marginally higher on Tuesday after see-saw trade amid concerns over the economic impact of the second wave of coronavirus infections and localised lockdowns in some states. Participants also remained on the sidelines ahead of RBI’s policy decision on Wednesday.
Stabilising after the previous session’s heavy selloff, the 30-share BSE Sensex settled 42.07 points or 0.09% higher at 49,201.39. Intra-day, it swung around 646 points. On similar lines, the broader NSE Nifty advanced 45.70 points or 0.31% to 14,683.50. Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Manas Jaiswal of manasjaiswal.com
SBI Life | Buy | Stop loss: Rs 884 | Target price: Rs 930
Cadila | Buy | Stop loss: Rs 449 | Target price: Rs 470
Recommendations by: Milan Vaishnav of Gemstone Equity Research and Advisory
HDFC Life | Buy | Stop loss: Rs 685 | Target price: 730
Infosys | Buy | Stop loss: Rs 1,390 | Target price: Rs 1,440
Bandhan Bank | Sell | Stop loss: Rs 352 | Target price: Rs 315
(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.)