Trading ideas: 7 stock recommendations for Wednesday

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The benchmark equity indices BSE Sensex and NSE Nifty are likely to open in the red on Wednesday tracking global cues and SGX Nifty. Equity benchmarks ended marginally lower after range-bound trade on Tuesday as investors booked profits at higher levels amid largely positive cues from global markets. The 30-share BSE Sensex ended 2.56 points lower at 51,934.88, while the broader NSE Nifty declined 7.95 points or 0.05% to 15,574.85.

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

Recommendations by: Jay Thakkar, VP and Head of Equity Research, Marwadi Shares and Finance HUL | Buy | Target price: Rs 2,402-2420 | Stop loss: Rs 2,330

Maruti Suzuki | Buy | Target price: Rs 7244-7373 | Stop loss: Rs 7,001

Marico | Buy | Target price: Rs 490-495 | Stop loss: Rs 472

Recommendations by: Manish Shah, Nifty Triggers ONGC | Buy | Target price: Rs 121-128 | Stop loss: Rs 113

Apollo Hospital | BUY| Target price: Rs 3420-3510 | Stop loss: Rs 3150

Recommendations by: Chandan Taparia, Motilal Oswal Financial Services Coforge | Buy | Stop loss: Rs 3500 | Target price: Rs 3950

Bajaj Finance | Buy | Stop loss: Rs 5,630 | Target price: Rs 6,100

(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.)