These 6 stocks to buy or sell today

02 Nov , 2021 By : Kanchan Joshi

Indian Benchmark indexes closed more than 1% higher on Monday after three straight sessions of losses. Sensex reclaimed the 60,000 level by rallying 831 points or 1.4% to close at 60,138 on Mondau. Similarly, the NSE Nifty rose 258 points or 1.4% to 17,929.6.

IndusInd Bank stole the show in the Sensex pack, surging more than 7%, followed by Bharti Airtel, HCL Tech, Tata Steel, Tech Mahindra, Dr Reddy’s and SBI. Bajaj Finserv, M&M, Nestle India and Reliance Industries were the top laggards.

Trade view for Nifty

After showing a sharp weakness in the last couple of sessions, Nifty came back strongly on Monday and closed the day with hefty gains of 258 points.

“Monday's sharp upside bounce could be an indication of strong comeback of bulls from the lows. But, having formed a negative chart pattern recently, we expect this pull back to halt around 18100-18200 levels before showing another round of weakness from the highs. If the hurdle of 18200 gets broken decisively on the upside, then the present negative chart pattern could be nullified and the market could continue with further upside," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Stocks to buy today as recommended by analysts -

Sumeet Bagadia, Executive Director at Choice Broking

1. Hindalco: Buy Hindalco, Stop loss Rs465, Target Rs500

2. Tata Power: Buy Tata Power, Stop loss Rs210, Target Rs250

Mudit Goel, Senior Research Analyst at SMC Global Securities

3. Birlasoft: Buy BSoft, Target Rs428, Stop loss Rs404

Ravi Singh, Head of Research & Vice President, ShareIndia

4. SAIL: Buy SAIL at Rs125, Target Rs135, Stop loss Rs122

5. ITC: Buy ITC at Rs225, Target Rs232, Stop loss Rs222

Manoj Dalmia, Founder and Director, Proficient Equities Limited

6. Sun TV: Buy Sun Tv at Rs591, Target Rs636, Stop loss Rs579