Trading ideas: Two stock recommendations for Friday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slide 196 points at the opening bell. Overseas, Asian stocks are trading lower on Friday, as a new virus variant added to swirling concerns about future growth and higher US interest rates. The World Health Organization officials said Thursday they are monitoring a new variant with “a large number of mutations.” A special meeting is scheduled for Friday to discuss its implications for vaccines and treatments. The variant, called B.1.1.529, has been detected in South Africa in small numbers, according to the WHO. Here are three money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by: Shrikant Chouhan, Kotak Securities

Infosys | Buy | Stop loss: Rs 1,700 | Price target: Rs 1,775

Zee Entertainment | Buy | Stop loss: Rs 330 | Price target: Rs 360

(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.)