Trading ideas: 6 stock recommendations for Wednesday

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The benchmark equity indices are likely to open in the red on Wednesday tracking weak global cues. Earlier, the key equity indices ended with strong gains on Tuesday, tracking positive cues from other Asian stock markets. The barometer index, the S&P BSE Sensex, advanced 397.04 points or 0.76% to 52,769.73. The Nifty 50 index added 119.75 points or 0.76% to 15,812.35. Foreign portfolio investors (FPIs) bought shares worth Rs 113.83 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 344.19 crore in the Indian equity market on 13 July, provisional data showed.

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

Glenmark | Buy | Stop loss: Rs 642 | Target price: Rs 685

Deepak Nitrite | Buy | Stop loss: Rs 1,900 | Target price: Rs 2,060

Hero MotoCorp | Sell | Stop loss: Rs 2940 | Target price: Rs 2,830

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

Rites | Buy | Stop loss: Rs 290 | Target price: Rs 315

SBI Life | Buy | Stop loss: Rs 1,030 | Target price: Rs 1,090

Tata Motors DVR | Buy | Stop loss: Rs 141 | Target price: Rs 152

(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.)