355669 SIP myths you must know!

Here are 7 money making ideas from technical analysts that may deliver good gains in the near term

Nifty PSU Bank, closing 2.40% higher on reports of progress in privatization, was the top sectoral gainer

Domestic equity market benchmarks BSE Sensex and Nifty 50 seem set to open in the positive territory after a gap of one day.  Nifty futures were trading 151 points or 1.04% higher at 14,659 on Singaporean Exchange in early trade.

In the overnight session on Wall Street, major US stock indices ended sharply higher. The Dow Jones Industrial Average rose 434 points, the S&P 500 gained 50 points, and the Nasdaq Composite added 93 points.

Markets will also react to IIP, CPI data along with corporate results apart from these global cues.

PowerGrid Infrastructure Investment Trust (InvIT) IPO shares are scheduled to be listed on exchanges today. The company finalised the IPO share allotment earlier this week. The public issue was subscribed 4.83 times on the last day of the subscription. The Rs 7,735-crore issue received bids for 205 crore units against 42 crore units on offer. This is the first Infrastructure Investment Trust (InvIT) in the country to be floated by a public sector company.

Here are 7 money making ideas from technical analysts that may deliver good gains in the near term

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Infosys | Buy | Stop loss: Rs 1310 | Target price: Rs 1365
Bandhan Bank | Buy | Stop loss: Rs 281 | Target price: Rs 307
Ashok Leyland | Sell | Stop loss: Rs 117 | Target price: Rs 106

Recommendations by: Manas Jaiswal, Technical Analyst, Manasjaiswal.com

Maruti | Buy | Stop loss: Rs 6700 | Target price: Rs 7000
Amara Raja Batteries | Buy | Stop loss: Rs 784 | Target price: Rs 830

Recommendations by: Chandan Taparia, Derivatives Analyst, MOFSL

Tata Motors| Buy | Stop loss: Rs 315 | Target price: Rs 335
Cadila Healthcare | Buy | Stop loss: Rs 635 | Target price: Rs 680

Published: May 14, 2021, 08:41 IST
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