Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 66 points at the opening bell. Overseas, Asian stocks are mostly trading lower on Wednesday, as Japan’s exports growth hit an eight-month low. Japan’s exports snapped seven months of double-digit growth in October due to slowing car shipments, as global supply constraints hit the country’s major manufacturers. Exports rose 9.4% year-on-year in October, Ministry of Finance data showed on Wednesday. It followed 13.0% growth in the prior month and was the weakest expansion since a decline in February. Car shipments fell 36.7%. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Recommendations by: Bharat Gala of Ventura Securities
Ion Exchange | Buy | Stop loss: Rs 1,600 | Price target: Rs 2,600
Maharashtra Seamless | Buy | Stop loss: Rs 350 | Price target: Rs 750
Recommendations by: Manoj Dalmia of Proficient Equities
Trent | Buy | Stop loss: Rs 1,138 | Price target: Rs 1,278
Kei Industries | Buy | Stop loss: Rs 973 | Price target: Rs 1,122
(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.)