Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 136 points at the opening bell. On the macro front, India’s retail inflation rose sharply to 5.59% in the month of December from 4.91% in November, pushed up by rising prices of manufactured items, data released by the government showed on Wednesday. Inflation, as measured by Consumer Price Index (CPI), was 4.59% in the year-ago period. Separately, industrial production for the month of November grew by 1.4% as compared to (-)1.6 % in the same month last year. IIP surged 3.2% in the month of October. Here are six money-making ideas from technical analysts that may deliver solid returns in the near term.
Bharti Airtel | Buy | Stop loss: Rs 718 | Price target: Rs 850
United Spirits | Buy | Stop loss: Rs 898 | Price target: Rs 945
Adani Ports | Buy | Stop loss: Rs 752 | Price target: Rs 778
LIC Housing Finance | Buy | Stop loss: Rs 377 | Price target: Rs 399
Voltas | Buy | Stop loss: Rs 1,250 | Price target: Rs 1,325
India Mart | Buy | Stop loss: Rs 6,700 | Price target: Rs 7,150
(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.)