Trading ideas: 6 stock recommendations for Tuesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could open flat with a positive bias on Tuesday. Earlier, the Sensex and Nifty erased initial losses to finish at fresh lifetime highs on Monday, buoyed by brisk buying in market heavyweight Reliance Industries. Rising for the third straight session, the 30-share BSE Sensex ended 76.77 points or 0.15% higher at its new closing peak of 52,551.53. Similarly, the broader NSE Nifty advanced 12.50 points or 0.08% to a record 15,811.85.

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

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Alkem Labs | Buy | Target price: Rs 3,233 | Stop loss: Rs 3,170

Wipro | Sell | Target price: Rs 530 | Stop loss: Rs: 575

Aarti Industries | Sell | Target price: Rs 1,780 | Stop loss: Rs 1,870

Recommendations by:  Manish Shah, NiftyTriggers

Balkrishna Industries | Buy | Target price: Rs 2,400-2,500 | Stop loss: Rs 2,150

Indigo | Sell | Target price: Rs 1,715-1,650| Stop loss: Rs 1,815

Aarti Industries | Buy | Target price: Rs 1,900-1,960| Stop loss: Rs 1,790

(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.)