Trading ideas: 6 stock recommendations for Tuesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could see flat start at the opening bell. On the macro front, India’s exports grew by 6.16% to $27.45 billion in January, according to data by the commerce ministry. Imports too grew by 2% to about $42 billion, leaving a trade deficit of $14.54 billion during the month under review, the data showed.

Overseas, Asian stocks rose on Tuesday as optimism about the global economic recovery and expectations of low-interest rates drive investments into riskier assets.

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

Recommendations by: Nirav Chheda, Nirmal Bang Securities SRF | Buy | Stop loss: Rs 5,500 | Target price: Rs 5,80

Muthoot Finance | Buy | Stop loss: Rs 1,300 | Target price: R 1360

Lupin | Buy | Stop loss: Rs 1,040 | Target price: Rs 1,100

Recommendations by: Mudit Goyal, SMC Global Securities Infosys | Buy | Stop loss: Rs 1,295 | Target price: Rs 1,335

State Bank of India | Buy | Target price: Rs 415 | Stop loss: Rs 402

Tata Consumer | Buy | Target price: Rs 635 | Stop loss: Rs 616

(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.)