Trading ideas: 9 stock recommendations for Thursday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slip over 50 points at the opening bell. Overseas, Asian stocks are trading lower on Thursday as multiple major markets in the region are closed for holidays. Markets in China, Japan, South Korea and Taiwan are closed for holidays.

In the US, the S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to energy shares and kept the overall market near record highs. The S&P 500 and Nasdaq both opened at record highs but soon drifted lower, while the Dow set a new peak during the session.

Here are 9 money making ideas from technical analysts that may deliver a good return in the near term.

Recommendations by: Ruchit Jain, senior analysts-technical and derivatives, Angel Broking

Cipla | Buy | Stop loss: Rs 841 | Target price: Rs 904

Exide Industries | Buy | Stop loss: Rs 209.40 | Stop loss: Rs 224

Indian Hotel | Buy | Stop loss: Rs 123 | Target price: Rs 135

Recommendations by: Mehul Kothari. AVP -Technical Research at Anand Rathi Shares and Stock Brokers

Punjab National Bank | Buy | Stop loss: Rs 39 | Target price: Rs 43

Bandhan Bank | Buy | Stop loss: Rs 331 | Target price: Rs 351

Ultratech Cement | Sell | Stop loss: Rs 6,400 | Target price: Rs 6,000

Recommendations by: Abhishek Chinchalkar, CMT Charterholder and Head of Education, FYERS

SBI Life | Buy | Stop loss: Rs 875 | Target price: Rs 940

Muthoot Finance | Buy | Stop loss Rs 1,210 | Target price: Rs 1,315

Asian Paints | Buy above Rs 2,560 | Stop loss Rs 2,480 | Target price: Rs 2,690

(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.)