56178In view of reduced inflation and expenses, will it be right to invest in IT stocks?

The benchmark equity indices are likely to open in the green on Thursday tracking mixed global cues. In the previous session, the benchmark equity indices BSE Sensex and NSE Nifty ended higher on Wednesday due to buying IT shares and favourable economic data. The 30-share Sensex closed 134.32 points or 0.25% higher at 52,904.05. Similarly, the 50-share Nifty index advanced 41.60 points or 0.26% to end at 15,853.95 – the third straight session of gains for the index.

Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.

Recommendations by: Rohit Singre, LKP Securities

Mazagon Dock Shipbuilders | Buy | Stop loss: Rs 235 | Target price: Rs 275-300

Subex | Buy | Stop loss: Rs 67 | Target price: Rs 75/80

Recommendations by: Sneha Seth, Angel Broking

Ceat | Buy | Stop loss: Rs 1,383 | Target price: Rs 1,485

Ashok Leyland | Stop loss: Rs 125.9 | Target price: Rs 132.5

Recommendations by: Manas Jaiswal, Manas Jaiswal Technical Research Group

Jubilant FoodWorks | Buy | Stop loss: Rs 3,090 | Target price: Rs 3,275

Wipro | Buy | Stop loss: Rs 539 | Target price: Rs 600

(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.)