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 may open in the green on Tuesday. Earlier, the equity benchmark Sensex staged a smart recovery from the day’s low to end with marginal losses on Monday, propped up by robust buying in FMCG and telecom counters.

After plunging over 750 points in early trade on May 3, the 30-share BSE index made a U-turn to finish 63.84 points or 0.13% lower at 48,718.52. In similar movement, the broader NSE Nifty closed 3.05 points or 0.02 per cent higher at 14,634.15. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term

Recommendations by: Vikas Jain, Reliance Securities

Hero MotoCorp | Buy | Stop loss: Rs 2,670 | Target price: Rs 3,250

Divi’s Labs | Buy | Stop loss: Rs 3650 | Target price: Rs 4450

HDFC Life | Buy | Stop loss: Rs 645 | Target price: Rs 720

Recommendations by: Manish Shah, NiftyTriggers

Asian Paints | Buy | Stop loss: Rs 2495 | Target price: Rs 2670-2810

Bajaj Auto | Buy | Stop loss: Rs 3775 | Target price: Rs 4,010-4,150

Tata Chemicals | Buy | Stop loss: Rs 750 | Target price: Rs 825-860

(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.)