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
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