Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 22 points at the opening bell. Earlier, domestic markets surrendered early gains to finish deep in the red on Wednesday as profit-booking emerged in Reliance Industries, banking and infra stocks amid a weak trend in global equities.
After a firm opening, the 30-share BSE Sensex suddenly succumbed to selling pressure in mid-afternoon trade. It finally closed 333.93 points or 0.64% lower at 51,941.64, extending its losing streak to the second session. On similar lines, the broader NSE Nifty slumped 104.75 points or 0.67% to end at 15,635.35.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Manish Shah, Nifty Triggers
Naukri | Buy | Target price: Rs 4,780-4,880 | Stop loss: Rs 4,570
Infosys | Buy | Target price: Rs 1,480-1,530 | Stop loss: Rs 1,390
Zee | Sell | Target price: Rs 210-200| Stop loss: Rs 222
Recommendations by: Jay Thakkar, Marwadi Shares and Finance
Bajaj Finserv Fut | Sell | Target price: Rs 11,000 | Stop loss: Rs 11,900
Titan Fut | Buy | Target price: Rs 1,760-1780 | Stop loss: Rs 1,705
Muthoot Fin Fut | Target price: Rs 1530-1559 | Stop loss: Rs 1,445
(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.)
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