Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 177 points at the opening bell. On the macro front, India’s retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.91% during the month of November 2021, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday. Inflation has increased sequentially, as it was recorded at 4.48% in October 2021. Year on year, however, a dip has been registered as the rate of inflation in November 2020 was 6.93%. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Indiabulls Housing Finance | Buy | Stop loss: Rs 190 | Price target: Rs 350
GlaxoSmithKline Pharmaceuticals | Buy | Stop loss: Rs 1,475 | Price target: Rs 2,400
LT Foods | Buy | Stop loss: Rs 70 | Price target: Rs 83
Tata Communications | Buy | Stop loss: Rs 1,425 | Price target: Rs 1,550-1,580
(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.)
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