Trading ideas: 6 stock recommendations for Friday

• Follow

Nifty futures on the Singapore Stock Exchange indicates a flat opening for the benchmark equity indices on Friday. Earlier, the 30-share index Sensex gained 383 points to close at a fresh record on Thursday, driven by gains in HDFC Bank, L&T and Titan despite a largely negative trend in global markets. The index ended 0.70% higher at 52,232.43. Similarly, the broader NSE Nifty soared 114.15 points or 0.73% to end at its lifetime peak of 15,690.35.

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

Recommendations by: Mudit Goya, SMC Global Securities

Tata Chemicals | Buy | Stop loss: Rs 718 | Target price: Rs 742

ONGC | Buy | Stop loss: Rs 120 | Target price: Rs 129

State Bank of India | Buy | Stop loss: Rs 434 | Target price: Rs 450

Recommendations by: Nirav Chheda, Nirmal Bang Securities

Coal India | Buy | Stop loss: Rs 144 | Target price: Rs 158

Canara Bank | Buy | Stop loss: Rs 158 | Target price: Rs 173

UltraTech Cement | Buy | Stop loss: Rs 6,450 | Target price: Rs 7,000

(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.)