Trading ideas: 6 stock recommendations for Wednesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could open flat on Wednesday. Equity benchmarks Sensex and Nifty ended marginally lower on Tuesday following losses in index majors HDFC twins, Reliance Industries and ICICI Bank amid a weak trend in Asian markets. The 30-share BSE Sensex slipped 52.94 points or 0.10% to 52,275.57. Similarly, the broader NSE Nifty declined 11.55 points or 0.07% to 15,740.10.

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

Dr Reddy’s Labs | Buy | Stop loss: Rs 5,230 | Target price: Rs 5,350

Aurobindo Pharma | Buy | Stop loss: Rs 950 | Target price: Rs 1,020

Ashok Leyland | Sell | Stop loss: Rs 133 | Target price: Rs 122

Recommendations by: Chandan Taparia, Motilal Oswal Financial Services

Tata Motors | Buy | Stop loss: Rs 342 | Target price: Rs 370

Titan | Buy | Stop loss: Rs 1675 | Target price: Rs 1780

Biocon | Buy | Stop loss: Rs 390 | Target price: Rs 425

(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.)