Trading ideas: 6 stock recommendations for Monday
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term
Domestic equity markets are likely to open higher on Monday tracking SGX Nifty which was up nearly 50 points in the morning trade. Earlier, the BSE Sensex eked out marginal gains on Friday after two sessions of deep declines as investors scooped up Asian Paints, RIL and FMCG stocks amid a rebounding trend in overseas markets.
The BSE benchmark swung between gains and losses during the session, before finally finishing 41.75 points or 0.09% up at 48,732.55. However, the broader NSE Nifty slipped 18.70 points or 0.13% to 14,677.80.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term
Recommendations by Rohit Singre, LKP Securities
Biocon | Buy | Stop loss: Rs 389 | Target price: Rs 397/401
Bata India | Buy | Stop loss: Rs 1370 | Target price: Rs 1410/1430
Orient Bell | Buy | Stop loss: Rs 255 | Target price: Rs 265/270
Recommendations by Milan Vaishnav, Gemstone Equity Research and Advisory
Phillips Carbon Black | Buy | Stop loss: Rs 197 | Target price: Rs 223
IndiaMART InterMESH | Buy | Stop loss: Rs 6650 | Target price: Rs 7,125
Bajaj Finserv | Sell | Stop loss: Rs 11,250 | Target price: Rs 10,200
(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)