These Six stocks to buy or sell today

29 Jul , 2021 By : Kanchan Joshi

After topsy-turvy trade for the entire session, Indian markets finally ended in the red zone on Wednesday. The NSE Nifty went off 37 points and closed at 15,709 mark while the BSE Sensex shed 135 points and closed at 452,443 levels. Amidst volumes that were lower than the previous day and slightly higher than recent averages, Metal and telecom stocks gained while Auto and realty sectors fell.

As the US markets, especially Dow Jones, closed in the red zone on Wednesday after the US Fed meet and SGX Nifty also opened today with a downside gap of 18 points, Indian markets are expected to feel the selloff pressure in the opening bell on Thursday.

Sharing his trade view chart Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be negative. But, the formation of hammer type pattern at crucial support and sharp intraday upside recovery from a lower range are pointing towards an upside bounce in the market in the next 1-2 sessions. The expected upside is likely to test the upper resistance of 15,860 to 15,900 levels in the near term."

Day trading stocks to buy today

On the basis of these 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 — have recommended the following 6 shares to buy today.

Sumeet Bagadia's day trading guide

1] Steel Authority of India Limited or SAIL: Buy at Rs132, target Rs140 to Rs145, stop loss Rs125

2] ICICI Lombard General Insurance: Buy at Rs1490, target Rs1530 to Rs1550, stop loss Rs1460

Mudit Goel's day trading stocks to buy today

3] Bharti Airtel: Buy at CMP, target rs580, stop loss Rs560

4] Aditya Birla Fashion and Retail Ltd or ABFRL: Buy at CMP, target Rs235, stop loss Rs221

Sandeep Matta's day trading guide

5] Muthoot Capital: Buy at Rs445, target Rs465 to Rs474, stop loss Rs418

6] Canara Bank: Buy at Rs143, target Rs150 to Rs155, stop loss Rs134.