Trading ideas: 6 stock recommendations for Wednesday

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Trading of Nifty 50 index futures on the Singapore stock exchange (SGX Nifty) indicates that the Nifty could open in the red on Wednesday. Earlier, the equity benchmark Sensex closed marginally lower after a choppy session on Tuesday, tracking losses in index majors TCS, Infosys and Reliance Industries amid a largely weak trend in global markets. The 30-share BSE index ended 18.82 points or 0.04% lower at 52,861.18. The broader NSE Nifty fell 16.10 points or 0.1% to 15,818.25.

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

Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory

Godrej Properties | Buy | Stop loss: Rs 1,400 | Target price: Rs 1,500

Infosys | Buy | Stop loss: Rs 1,538 | Target price: Rs 1,610

Kotak Mahindra Bank | Sell | Stop loss: Rs 1,775 | Target price: Rs 1,710

Recommendations by: Mehul Kothari, Anand Rathi Share and Stock Brokers

3M India | Buy | Stop loss: Rs 23,600 | Target price: Rs 26,600

Mindtree | Sell | Stop loss: Rs 2,600 | Target price: Rs 2,420

Chalet Hotels | Buy | Stop loss: Rs 182 | Target price: Rs 205

(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.)