Invest in Credit Risk Mutual Fund or not?
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The benchmark equity indices are likely to open in the green on Tuesday tracking mixed global cues. Earlier, the domestic equity barometers ended a volatile session with modest losses on Monday. The Nifty failed to hold the 15,850 mark. While realty and auto stocks tumbled, metals, pharma and IT shares managed to end in the positive zone. The barometer index, the S&P BSE Sensex, fell 123.53 points or 0.23% to 52,852.27. The Nifty 50 index lost 31.60 points or 0.20% to 15,824.45. The NSE’s India VIX, a gauge of market’s expectation of volatility over the near term, jumped 5.84% to 12.45. Here are 6 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Nirav Chheda, Nirmal Bang Securities
Hero MotoCorp | Sell | Stop loss: Rs 2,880 | Target price: Rs 2,700
Sun Pharma | Buy | Stop loss: Rs 690 | Target price: Rs 730
OFSS | Buy | Stop loss: Rs 4040 | Target price: Rs 4350
Recommendations by: Manish Shah, Nifty Triggers
SAIL | Buy | Stop loss: Rs 127 | Target price: Rs 135-139
Ramco Cements | Buy | Stop loss: Rs 1105 | Target price: Rs 1,160-1,185
LIC Housing Finance | Sell | Stop loss: Rs 448 | Target price: Rs 430-421
(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.)