Investing Essentials

These Seven stocks to buy or sell

24 Sep , 2021   By : Kanchan Joshi

These Seven stocks to buy or sell

 Nifty closed at another record high of 17,822 on Thursday with a broad based advance among the large-caps. Nifty opened with an upside gap following positive Asian cues and kept on rising throughout the day with minimal corrections. BSE Sensex shot up 958 points and closed at 59,885 levels. Small-cap and Mid-cap indices under-performed vis-a-vis the Nifty rising by 0.9 per cent and 1.2 per cent respectively.

On a day when the volumes on the NSE were higher than recent average, realty was the star performer rising 8.7 per cent. This was followed by capital goods, banking and energy indices. FMCG index ended marginally in the negative.

Asian shares made cautious gains on Thursday, supported by some positive news from cash-strapped developer China Evergrande Group. European stocks rallied for a third day as global sentiment improved on easing concerns about cash-strapped developer China Evergrande. A survey showed euro zone business activity grew at its weakest pace in five months in September as curbs to limit the Delta variant of Coronavirus hit demand and supply-chain constraints pushed input costs to a more than two-decade high.

Trade view on NSE Nifty

Speaking on day trading strategy for Friday; Deepak Jasani, Head of Retail Research at HDFC Securities said, "Nifty is marching towards 18,000 mark slowly and steadily, unless some global event (like Evergrande) upsets this momentum."

Day trading stocks to buy today

Sharing intrday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities; Rohit Singre, Senior Technical Analyst at LKP Securities and Sandeep Matta, Founder at TRADEIT Investment Advisors — recommended 7 stocks to buy today.

Sumeet Bagadia's day trading stocks for today

1] NBCC: Buy at RsCMP, target Rs50 to Rs52, stop loss Rs44

2] Larsen & Toubro: Momentum buy at CMP, target Rs1825 to Rs1850, stop loss Rs1725

Mudit Goel's stock of the day

3] Alkem Laboratories: Buy at CMP, target Rs4050, stop loss Rs3930

Rohit Singre's intraday stocks for today

4] Tata Motors: Buy at Rs318, target Rs330 to Rs345, stop loss below Rs308

5] Piramal Enterprises Ltd or PEL: Buy at Rs2765, target Rs2820 to Rs2850, stop loss below Rs2720

Sandeep Matta's shares to buy today

6] RBL Bank: Buy at Rs185, target Rs200, stop loss Rs172

7] Star Cement: Buy at Rs108, target Rs120, stop loss Rs100.

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