Trading ideas: two stock recommendations for January 04

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 13 points at the opening bell. Overseas, Asian stocks are trading mixed on Tuesday, as data showed accelerating Chinese factory activity growth in December. Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by: Bharat Gala, Ventura Securities

Asian Paints | Buy | Stop loss: Rs 3,015 | Price target: Rs 3,700

Rain Industries | Buy | Stop loss: Rs 198 | Price target: Rs 350

(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.)