Trading ideas: 6 stock recommendations for Thursday

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The benchmark equity indices are likely to open in the green on Thursday tracking mixed global cues. In the previous trading session, the BSE Sensex surrendered early gains to finish in the red for the third session on the trot on Wednesday as investors booked profits at higher levels amid a largely negative trend in global markets.

After rallying nearly 400 points, the 30-share BSE index made a U-turn in the last hour of trade to settle 66.95 points or 0.13% lower at 52,482.71. Similarly, the broader NSE Nifty slipped 26.95 points or 0.17 per cent to close at 15,721.50.

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

Recommendations by: Mehul Kothari, Anand Rathi Share and Stock Brokers Ambuja Cement | Sell | Stop loss: Rs 350 | Target price: Rs 334

UPL | Sell | Stop loss: Rs 811 | Target price: Rs 760

GMM Pfaudler | Buy | Stop loss: Rs 4550 | Target price: Rs 4850

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory IRCTC | Buy | Stop loss: Rs 1980 | Target price: Rs 2150

Bandhan Bank | Sell | Stop loss: Rs 340 | Target price: Rs 310

ITC | Buy | Stop loss: Rs 195 | Target price: Rs 215

(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.)