Trading ideas: four stock recommendations for December 30

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could decline 15.25 points at the opening bell. Overseas, most Asian stocks rose on Thursday, tracking overnight gains on Wall Street. In the US, the Dow and S&P 500 closed at all-time highs on Wednesday on a boost from retailers including Walgreens and Nike, as investors shrugged off concerns on the spreading omicron variant. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by: Rajesh Palviya, Axis Securities

Dr Reddy’s | Buy | Stop loss: Rs 4,740 | Price target: Rs 4,940

GNFC | Buy | Stop loss: Rs 440 | Price target: Rs 474

(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.)