03 Aug , 2021 By : Kanchan Joshi
After showing a lack of strength to sustain the highs on Friday, Nifty witnessed a sustainable upside move on Monday and closed the day higher by 122 points. After opening on an upside gap of 111 points, Nifty shifted into a gradual northward move with range bound action for the whole session. Volumes however, did not support this upside as the gains were more led by reluctance to sell rather than aggressive buying. Realty, oil and gas, Auto and IT sector stocks were the main gainers on Monday trade session.
Asked about his trade view on Nifty; Deepak Jasani, Head of Retail Research at HDFC Securities said, "Nifty has opened the week on a strong note with sharply higher advance decline ratio. A follow through upside move is likely over the next few days and Nifty could remain with an upward bias in the 15,817 to 15,962 band."
Day trading stocks to buy today
On the basis of above mentioned facts and figures, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities and Sandeep Matta, Founder at TRADEIT Investment Advisors — recommended 5 shares to buy today.
Sumeet Bagadia's stocks to buy today
1] IDFC First Bank: Buy at CMP, target Rs55 to Rs58, stop loss Rs48
2] BPCL: Buy at Rs455, target Rs465 to Rs475, stop loss Rs445
Mudit Goel's stock of the day
3] Vedanta: Buy at CMP, target Rs335, stop loss Rs312
Sandep Matta's day trading guide
4] BHEL: Buy above Rs60, target Rs63 to Rs66, stop loss Rs56
5] Hemisphere Properties India: Buy at Rs145, target Rs158 to Rs166, stop loss Rs132.
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