Money making ideas: 6 stock recommendations for October 12, Tuesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 102 points at the opening bell. On the macro front, September CPI is due along with August IIP data, later today. The government will also release September trade data. Overseas, Asian stocks traded lower on Tuesday on concerns about elevated inflation stoked by energy costs and the possibility of a widening Chinese crackdown on private industry. Investors will monitor developments for cues. There is Bank of Korea policy decision and briefing on Tuesday and also Atlanta Fed president Raphael Bostic speaking on inflation. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Manish Shah, NiftyTriggers

ICICI Bank | Buy | Stop loss: Rs 704 | Target price: Rs 733-750

Power Grid | Buy | Stop loss: Rs 190 | Target price: Rs 200-210

Mahindra & Mahindra | Buy | Stop loss: Rs 875 | Target price: Rs Rs 915-940

Recommendations by: Nirav Chheda, Nirmal Bang Securities

SAIL | Buy | Stop loss: Rs 111 | Target price: Rs 123

Bharti Airtel | Buy | Stop loss: Rs 675 | Target price: Rs 720

NMDC | Buy | Stop loss: Rs 147 | Target price: Rs 165

(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.)