Trading ideas: 6 stock recommendations for Monday

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The benchmark equity indices are likely to open in the green on Monday tracking mixed global cues. In the previous trading session, the BSE Sensex overcame a choppy start to finish at a fresh lifetime high on Friday, propelled by bank and metal stocks amid a bullish trend in overseas markets. Global equities marched higher after US senators agreed on a bipartisan infrastructure deal, with investors wagering on more stimulus measures in the coming months. Extending gains for the second session, the 30-share BSE benchmark closed 226.04 points or 0.43% higher at record 52,925.04. Similarly, the broader NSE Nifty advanced 69.90 points or 0.44% to 15,860.35, less than 10 points shy of its all-time closing peak.

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

Recommendations by: Mazhar Mohammad, Charview India

JMC Projects | Buy | Stop loss: Rs 108 | Target price: Rs 127

SAIL | Buy | Stop loss: Rs 124 | Target price: Rs 140

Nalco | Buy | Stop loss: Rs 68 | Target price: Rs 81

Recommendations by: Ajit Mishra, Religare Broking

Axis Bank | Buy | Stop loss: Rs 740 | Target price: Rs 800

Cummins India | Buy | Stop loss: Rs 830 | Target price: Rs 920

HCL Technologies | Buy | Stop loss: Rs 970 | Target price: Rs 1040

(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.)