Stocks to buy or sell today: 6 short-term trading ideas by experts for 30 September 2022
The Indian market traded lower on Friday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 slipped below 16,800 levels in the first 15-minutes of trade.
Sectorally, realty, IT, oil & gas, auto, energy, and banks saw some selling while some buying was visible in metals, telecom, and FMCG stocks.
The Nifty weekly contracts have the highest open interest at 17,000 for Calls and 15,000 for Puts while monthly contracts have the highest open interest at 18,000 for Calls and 16,000 for Puts.
“With the bounce off 16,860 fizzling off in the face of rejection trades, the next leg of the downsides aiming 16,650/600-16,300 is in motion,” Anand James, Chief Market Strategist at
“Reversal plays are expected to take shape on achievement of 16,300, but we will be equally prepared for upsides, should Nifty Manage to float above 16,770 today after early slippages,” he said.
We have collated stocks based on various expert views for traders who have a short-term trading horizon:
Expert: Pritesh Mehta, Lead Technical Analyst – Institutional Equities — told ET Bureau
HCL Technologies: Buy| Target Rs 965 | Stop Loss Rs 901
Defending July’s lows, the stock is rebounding off its support zone.
: Buy | Target Rs 405 | Stop Loss Rs 370
The appearance of large bullish candles with higher volumes is likely to keep the near-term structure positive.
: Buy | Target Rs 23,200 | Stop Loss Rs 20,700
After losing 19% off the record highs, the stock found renewed buying interest.
Expert: Kunal Bothra, Market Expert, told ET Now
Buy or Sell: Stock ideas by experts for September 30, 2022
ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Kunal Bothra has buy/sell recommendation on IRCTC and Metropolis Healthcare Labs for today’s trading session. Check out the targets and stoploss.
: Buy |Target Rs 1,575 | Stop Loss Rs 1,510
: Buy | Target Rs 740 | Stop Loss Rs 693
: Buy | Target Rs 1,357 | Stop Loss Rs 1,315
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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