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Benchmark equity indices BSE Sensex and NSE Nifty opened lower on Thursday following sustained selloff by foreign investors in the capital market on account of the alarming surge of COVID-19 cases. The BSE Sensex traded over 350 points down at 47348 at around 9.20 am (IST). On the other hand, NSE Nifty index was down 63 points at 14,296. Domestic equity markets were closed on Wednesday on account of Ram Navami.
Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Nirav Chheda, Nirmal Bang Securities
Tata Motors | Sell | Stop loss: Rs 310 | Target price: Rs 260
ONGC | Buy | Stop loss: Rs 99 | Target price: Rs 111
JSW Steel | Sell | Stop loss: Rs 635 | Target price: Rs 570
Recommendations by: Vikas Jain, Reliance Securities
NAM-India | Buy | Stop loss: Rs 314 | Target price: Rs 373
Tech Mahindra | Buy | Stop loss: Rs 940 | Target price: Rs 1100
JSW Steel | Sell | Stop loss: Rs 650 | Target price: Rs 560
(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.)