These 9 stocks to buy or sell today

13 Jun , 2022 By : Kanchan Joshi

Indian stock market fell more than 1% on Friday and posted their biggest weekly loss in a month. Dragged down by losses in financial and tech stocks, the NSE Nifty 50 index ended 1.6% lower at 16,201.8 and the BSE Sensex fell 1.8% to 54,303.

Both the indexes logged losses of more than 2% for a week when the Reserve Bank of India (RBI) announced its second straight interest rate hike to contain inflation. Meanwhile, the rupee plunged to a fresh lifetime low against the US dollar, further denting sentiment. In the broader markets, the BSE midcap, large-cap and smallcap gauges slipped as much as 1.7%.

Day trading guide for stock market today

"After showing a range bound action with weak bias in the last few sessions, the Nifty seems to have turned into bearish mode on Friday with strong downside momentum. The near term outlook remains weak and any attempt of upside bounce from here could be short lived. The Nifty could eventually test the recent important bottom of 15,735 levels in the near term," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Stocks to buy today as recommended by analysts -

Rajesh Bhosale, Technical Analyst, Angel One Ltd

Torrent Power: Buy TORRENT POWER, stop loss Rs452, target Rs482

AU Small Finance Bank: Sell AU SMALL BANK, stop loss Rs621, target Rs570

Mehul Kothari, AVP -Technical Research at Anand Rathi

Oberoi Realty: Buy Oberoi Realty, stop loss Rs775, target Rs825

Voltas: Buy voltas, stop loss Rs975, target Rs1,035

Sumeet Bagadia, Executive Director at Choice Broking

Grasim: Buy GRASIM, stop loss Rs1,290, target Rs1,350-1,375

Dabur: Buy Dabur, stop loss Rs490, target Rs510-520

Rohit Singre, AVP — Technical Research at Bonanza Portfolio

Trent: Buy Trent, target Rs1,160, stop loss Rs1,085