Trading ideas: 6 stock recommendations for August 5, Thursday

The MPC, a six-member team headed by RBI governor Shaktikanta Das, had left the rates unchanged last time, citing concerns about inflation. 

  • Publish Date - August 5, 2021 / 08:42 AM IST
Trading ideas: 6 stock recommendations for August 5, Thursday
Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 21 points at the opening bell. The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is scheduled to announce its bi-monthly policy review on August 6 at the end of the three-day meeting held from August 4 to August 6. As per reports, the RBI is likely to maintain the status quo on interest rates. The MPC, a six-member team headed by RBI governor Shaktikanta Das, had left the rates unchanged last time, citing concerns about inflation. Here are 6 money making ideas from technical analysts that may deliver decent returns in the near term.

Recommendations by: Sneha Seth, Angel Broking

LIC Housing Finance | Buy | Stop loss: Rs 404 | Target price: Rs 432

HDFC Aug | Buy | Stop loss: Rs 2,641 | Target price: Rs 2,725

Recommendations by: Rohit Singre, LKP Securities

Bhansali Engineering Polymers | Buy | Stop loss: Rs 185 | Target price: Rs 220

Sun TV | Buy | Stop loss: Rs 525 | Target price: Rs 630

Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group

Kotak Mahindra Bank | Buy | Stop loss: Rs 1,719 | Target price: Rs 1,810

AU Bank | Buy | Stop loss: Rs 1,219 | Target price: Rs 1,290

(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.)

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