Trading ideas: two stock recommendations for Wednesday

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Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could jump 84 points at the opening bell. On the macro front, India’s economy continued to expand in the July-September quarter, marking the fourth consecutive quarter of growth. India’s GDP grew 8.4% on-year basis against a contraction of 7.4% during the same period last year. The combined output of eight core industries has surged 7.5% in October as compared to the same period last year, showed the official data released on November 30. Here are two money-making ideas from technical analysts that may deliver solid returns in the near term.

Recommendations by: Ravi Singhal, GCL Securities

Indusind Bank | Sell | Stop loss: Rs 890 | Price target: Rs 850

Recommendations by: Manoj Dalmia, Proficient Equities

PowerGrid | Buy | Stop loss: Rs 199 | Price target: Rs 213

(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.)