Trading ideas: 4 stocks recommendations for November 03

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 23 points at the opening bell. Overseas, Asian stocks are trading mixed on Wednesday as investors look ahead to the end of the U.S. Federal Reserve’s two-day meeting for clues on tapering. A private survey released Wednesday showed growing Chinese services activity in October, with the Caixin/Markit services Purchasing Managers’ Index coming in at 53.8, rising from September’s reading of 53.4. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by:  Lovelesh Sharma, Finversify

Federal Bank | Buy | Stop loss: Rs 94 | Target: Rs 115

Narayan Hrudayalaya | Buy | Stop loss: Rs 505 | Target: Rs 657

Recommendations by: Nilesh Jain, Centrum

Can Fin Homes | Buy | Stop loss: Rs 639 | Target: Rs 670

Glenmark | Buy | Stop loss: Rs 500 | Target: Rs 535

(Disclaimer: The recommendations in this story are by the respective research and brokerage firm. Money9 & its management do not bear any responsibility for their investment advice. Please consult your investment advisor before investing.)