Trading ideas: 6 stock recommendations for Monday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall by over 60 points at the opening bell. Earlier, equity benchmarks darted up to fresh lifetime highs on Friday as IT, pharma and energy counters saw brisk buying in tandem with a bullish trend overseas. After touching a record intra-day peak of 52,641.53, the 30-share BSE Sensex ended 174.29 points or 0.33% up at its new closing high of 52,474.76. Similarly, the broader NSE Nifty advanced 61.60 points or 0.39% to its lifetime peak of 15,799.35.

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

Recommendations by: Mazhar Mohammad, Chartview India Sun Pharma | Stop loss: 670 | Target price: Rs 697

Rico Auto | Stop loss: Rs 43 | Target price: Rs 57

Confidence Petroleum | Stop loss: Rs 57 | Target price: Rs 77

Recommendations by: Ajit Mishra, Religare Broking Dr Reddy’s Labs | Buy | Stop loss: Rs 5,300 | Target price: Rs 5,750

Ashok Leyland | Buy | Stop loss: Rs 127 | Target price: Rs 142

JSPL | Buy | Stop loss: Rs 408 | Target price: Rs 438

(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.)