Trading ideas: 6 stock recommendations for August 18, Wednesday

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 46 points at the opening bell on Wednesday. Overseas, Asian stocks traded mixed on Wednesday as investors reacted to the Reserve
Bank of New Zealand’s interest rate decision. 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

ICICI Lombard General Insurance | Buy | Stop loss: Rs 1430 | Target price: Rs 1510

Emami | Buy | Stop loss: Rs 570 | Target price: Rs 635

NTPC | Sell | Stop loss: Rs 119.50 | Target price: Rs 112

Recommendations by: Nirav Chheda, Nirmal Bang Securities

Bharti Airtel | Buy | Stop loss: Rs 610 | Target price: Rs 660

Tata Power | Sell | Stop loss: Rs 137 | Target price: Rs 120

Dr Reddy’s Lab | Buy | Stop loss: Rs 4,600 | Target price: Rs 4,900

(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.)