Trading ideas: 6 stock recommendations for Monday

The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the red on Monday tracking weak global cues. With no major domestic macroeconomic data to be released this week, the equity market trend will be determined by global cues, pace of monsoon and the vaccination drive. The expiry of monthly derivatives contracts may add to volatility.

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

Recommendations by: Ajit Mishra, Religare Broking

Bandhan Bank | Sell | Stop loss: Rs 325 | Target price: Rs 296

HDFC Life | Buy | Stop loss: Rs 670 | Target price: Rs 740

HUL | Buy | Stop loss: Rs 2330 | Target price: Rs 2630

Recommendations by: Mazhar Mohammad, Chartview India

Shilpa Medicare | Buy | Stop loss: Rs 500 | Target price: Rs 580

J&K Bank | Buy | Stop loss: Rs 29 | Target price: Rs 39

Redington | Buy | Stop loss: Rs 255 | Target price: Rs 299

(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.)