Trading ideas: 6 stock recommendations for Wednesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 83 points at the opening bell. Overseas, most Asian stocks are trading lower on Wednesday as concerns over the world’s recovery from the pandemic weighed on investor sentiment.

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

NMDC | Buy | Stop loss: Rs 128 | Target price: Rs 141

Nocil | Buy | Stop loss: Rs 165 | Target price: Rs 195

Infosys | Sell | Stop loss: Rs 1,390 | Target price: Rs 1,325

Recommendations by: Vikas Jain, Reliance Securities

IGL | Buy | Stop loss: Rs 495 | Target price: Rs 555

Engineers India | Buy | Stop loss: Rs 495 | Target price: Rs 555

Biocon | Buy | Stop loss: Rs 363 | Target price: Rs 460

(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.)