Trading ideas: 6 stock recommendations for Monday
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the red on Monday tracking global cues and SGX Nifty. Earlier, the 30-share index Sensex rallied 308 points and NSE Nifty hit a fresh record on Friday, tracking gains in index heavyweights Reliance Industries, HDFC twins and Kotak Bank amid positive cues from global markets. Further, decline in daily Covid-19 caseload too aided investor sentiment.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Mazhar Mohammad, Chartview India
Deepak Fertilisers | Buy | Stop loss: Rs 289 | Target price: Rs 347
Vimta Labs | Buy | Stop loss: Rs 215 | Target price: Rs 259
Elecon Engineering | Buy | Stop loss: Rs 103 | Target price: Rs 127
Recommendations by: Ajit Mishra, Religare Broking
Grasim | Buy | Stop loss: Rs 1,400 | Target price: Rs 1,570
Canara Bank | Buy | Stop loss: Rs 155 | Target price: Rs 172
Piramal Enterprises | Buy | Stop loss: Rs 1,720 | Target price: Rs 1,860
(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.)