Trading ideas: 6 stock recommendations for Thursday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 163 points at the opening bell. Overseas, Asian stocks are trading higher Thursday after the Federal Reserve pledged to keep the monetary policy and rates unchanged and projected a rapid jump in U.S. economic growth this year as the COVID-19 crisis eases. In the US, the S&P 500 and Dow Jones Industrial Average closed at record highs on Wednesday after the Fed predicted a fast economic recovery from the coronavirus pandemic and said it would maintain its interest rate at close to zero. It was the first time the Dow closed above 33,000 points.

Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Manish Shah, Niftytriggers.com

AsianPaints | Buy | Target price: ;Buy;TGT price:2521-2575;Stop Loss: 2390

Escorts | Sell | Target price: Rs 1,305-1,280 | Stop loss: Rs 1,360

HAL | Buy | Target price: Rs 1,120-1,180 | Stop loss: Rs 990 (Holding period 2-3 weeks)

Nilesh Jain, Centrum Broking

RBL Bank | Sell | Target price: Rs 211 | Stop loss: Rs 229

Tata Steel | Sell | Target price: Rs 680 | Stop loss: Rs 722

Chennai Petro | Buy | Target price: Rs 116 | Stop loss: Rs 108

(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.)