Trading ideas: 6 stock recommendations for Friday

• Follow

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise over 50 points at the opening bell on Friday. Earlier, the domestic equity benchmarks retreated for the second straight session on Thursday, mirroring weakness in global markets after the US Federal Reserve surprised investors by signalling faster-than-expected rate hikes. A sharp drop in the rupee — which plunged 76 paise against the US dollar — also sapped risk appetite. The 30-share BSE Sensex ended 178.65 points or 0.34% lower at 52,323.33. The broader NSE Nifty declined 76.15 points or 0.48% to 15,691.40.

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

Recommendations by: Dhaval P Vyas of dhavalpvyas.com

Greaves Cotton | Buy | Stop loss: Rs 156 | Target price: Rs 185

Rallis | Buy | Stop loss: Rs 340 | Target price: Rs 375

Datamatics Global | Buy | Stop loss: Rs 148 | Target price: Rs 180

Recommendations by: Ashish Kyal of Wave Strategy Advisors

BEML | Buy | Stop loss: Rs 1,340 | Target price: Rs 1,465

Rallis | Buy | Stop loss: Rs 343 | Target price: Rs 375

Raymond | Buy | Stop loss: Rs 414 | Target price: Rs 453

(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.)