Trading ideas: four stock recommendations for December 31

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 25 points at the opening bell. Overseas, Asian stocks are trading mixed on Friday in thin year-end trading, with markets in Japan, South Korea, Taiwan and Thailand closed for holidays while those in Australia, Singapore and Hong Kong are set to close early.

China’s factory activity saw an acceleration in growth during December, with the official manufacturing Purchasing Managers’ Index (PMI) coming in at 50.3 for that month from November’s reading of 50.1, according to data released Friday by the country’s National Bureau of Statistics. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by: Shrikant Chouhan, Kotak Securities

Wipro | Buy | Stop loss: Rs 704 | Price target: Rs 735

Axis Bank | Buy | Stop loss: Rs 659 | Price target: Rs 690

Recommendations by: Rajesh Palviya, Axis Securities

Ami Organics | Buy | Stop loss: Rs 1,060 | Price target: Rs 1,150

Kajaria Ceramics | Buy| Stop loss: Rs 1,250 | Price target: Rs 1,355

(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.)