What portion of your salary should you spend on loan EMIs?
Most people buy a house or a car by taking a loan from the bank, but do you know what is the maximum portion of your salary that you should spend on EMI? What is the 40 percent EMI rule? What are the disadvantages of spending more on EMIs? Among home loan, personal loan, auto loan and credit card bills, which loan should you eliminate first?
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 29 points at the opening bell. Overseas, Asian stocks are trading mostly lower on Wednesday as investors wait for the outcome of the US Federal Reserve’s two-day policy meeting later in the day. All eyes are on the US Fed whether the central bank will maintain near-zero interest rates amid the economy’s post-pandemic recovery. In US, the Dow fell from its record high and snapped a seven-day winning streak on Tuesday ahead the Federal Reserve’s upcoming policy announcement.
Here are 9 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Manas Jaiswal of Manasjaiswal.com
Mphasis | Buy | Stop loss: Rs 1680 | Target price: Rs 1830
Asian Paints | Buy | Stop loss: Rs 2,429 | Target price: Rs 2,550
Gujarat Gas | Buy | Stop loss: Rs 519 | Target price: Rs 565
Recommendations by: Mazhar Mohammad of Chartview India
Prakash Industries | Buy | Stop loss: Rs 66 | Target price: Rs 79
DB Corp | Buy | Stop loss: Rs 93 | Target price: Rs 104
Sobha | Buy | Stop loss: Rs 445 | Target price: Rs 488
Recommendations by: Mehul Kothari, Anand Rathi Shares and Stock Brokers
Aurobindo Pharma | Buy | Stop loss: Rs 810 | Target price: Rs 900
HDFC AMC | Buy | Stop loss: Rs 2,870 | Target price: Rs 3,170
Varun Beverages | Buy | Stop loss: Rs 960 | Target price: Rs 1,050
(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.)