Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 112 points at the opening bell. The Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) meet began on 6 December and concludes on 8 December 2021. MPC’s interest rate decision will be disclosed on Wednesday, 8 December 2021. In the previous meeting, MPC kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4%. Here are four money-making ideas from technical analysts that may deliver solid returns in the near term.
Axis Bank | Sell | Stop loss: Rs 690 | Price target: Rs 650
BHEL | Buy | Stop loss: Rs 58 | Price target: Rs 65
Vodafone Idea | Buy | Stop loss: Rs 9 | Price target: Rs 19
Jindal Poly Films | Buy | Stop loss: Rs 920 | Price target: Rs 1,450
(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.)