Money making ideas: 6 stock recommendations for Monday

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The domestic equity market is likely to open in the red on April 19 on concerns over economic growth amid continue rising Covid-19 cases in the country and stricter restrictions imposed in various states. Traders will be concerned as India reported 275,306 coronavirus disease (Covid-19) cases on Monday, the highest single-day spike so far since the pandemic broke out, Worldometer showed. Earlier, the benchmark equity indices BSE Sensex and NSE Nifty ended Friday’s volatile session marginally higher amid gains in pharma, IT, metals, auto and FMCG indices.

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

Recommendations by: Mazhar Mohammad, Chartview India

NCC | Buy | Stop loss: Rs 70 | Target price: Rs 87

Repco Home Finance | Buy | Stop loss: Rs 287 | Target price: Rs 340

Biocon | Buy | Stop loss: Rs 398 | Target price: Rs 437

Recommendations by: Swati Hotkar, Nirmal Bang Securities

NMDC | Buy | Stop loss: Rs 135 | Target price: Rs 165

Strides Pharma Science| Buy | Stop loss: Rs 900 | Target price: Rs 960

Biocon | Buy | Stop loss: Rs 400 | Target price: Rs 450

(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.)