Trading ideas: two stock recommendations for Wednesday

Research ShareIndia is bullish on State Bank of India with a price target of Rs 475 per share.

  • Money9
  • Publish Date - January 5, 2022 / 08:46 AM IST
Trading ideas: two stock recommendations for Wednesday
Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.

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 trading lower on Wednesday, with investors awaiting the minutes from the U.S. Federal Reserve’s latest meeting for clues on the central bank’s interest rate hike moves. Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by: Ravi Singhal, Research ShareIndia

SBI | Buy | Stop loss: Rs 476 | Price target: Rs 495

Biocon | Buy | Stop loss: Rs 360 | Price target: Rs 375

(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.)

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