Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 84 points at the opening bell. Overseas, Asian stocks are trading higher on Monday, with multiple markets in North Asia closed for Lunar New Year holidays. Markets in China, Hong Kong, Taiwan as well as the US are closed on Monday for holidays.
Here are 6 money making ideas from technical analysts that may deliver a good return in the near term.
Recommendations by Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and founder, Gemstone Equity Research & Advisory Services
Alkyl Amines Chemicals | Buy above Rs 5,350 | Target price: Rs 5,600 | Stop loss: Rs 5,210
TCS | Buy above Rs 3,200 | Target price: Rs 3,350 | Stop loss: Rs 31,30
Torrent Power | Buy above Rs 335 | Target price: Rs 360 | Stop loss: Rs 325
Recommendations by Rohit Singre, Senior Technical Analyst, LKP Securities
Cummins India | Sell | Target price: Rs 740 | Stop loss: Rs 760
Can Fin | Buy | Target price:Rs 535 | Stop loss: Rs 505
Brigade Enterprises | Buy | Target price: Rs 300 | Stop loss: Rs 285
(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.)
