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Trading ideas: 5 stock recommendations for October 6
Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
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Expect Nifty to reverse morning losses, close in the green: Nilesh Jain, Centrum Broking
Nilesh Jain of Centrum Broking spoke to Money9 on investors' strategies in the current market along with select stock opportunities.
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Expect the Nifty to climb 18,000 soon: Harsh Patidar, CapitalVia
In the broader markets, the Mid and SmallCap indices were up more than 1% each
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Pharma and PSU banks may surprise the street: Mehul Kothari, Anand Rathi
Mehul Kothari of Anand Rathi spoke to Money9 on what to expect from markets going forward
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Two stock recommendations for next week
Sensex could slow down from here on or even correct a bit. Thus one needs to remain extremely cautious.
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"Markets may remain choppy, focus on select sectors"
"Expect some more volatility to continue although 17,350 is the critical support for the Nifty while 17,777 is the immediate resistance"
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Be stock specific and stick to quality: Kranthi Bathini
"Markets have had a one way rally so far but these volatile signs may indicate some consolidation coming up"
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Stocks to buy: Deepak Nitrite, Tata Chem, M&M, Sun Pharma
Rohit Singre of LKP Securities is positive on Deepak Nitrite with a target price of Rs 2,420/2,480.
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"Don't chase the momentum, it may burn your fingers"
Long term investors should wait for more corrections to enter or just buy some laggards like ITC for some value buying
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"Today's dip is a volatile move ahead of expiry"
This has been the best month in terms of Nifty gains in the last 3-4 series and after that we are seeing slight corrections
