These Nine stocks to buy or sell today

07 Sep , 2021 By : Kanchan Joshi

The upside momentum continued in the Indian markets on Monday and NSE Nifty closed with 54 points gain at 17,377 levels. The BSE Sensex appreciated 166 points and closed at record 58,296 levels. After opening on a positive note on yesterday, the market shifted into a narrow intraday range movement from early-mid to later part of the session. According to market experts, such patterns at the highs or crucial hurdles more often act as a reversal after the confirmations of decline in subsequent sessions. Therefore, any reasonable decline on Tuesday trade session could signal minor downward correction in the market.

Trade view on Nifty

Speaking on intraday trading tips; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short-term trend for Nifty continues to be positive. Though, Nifty formed a small range candle at the new highs, there is no immediate threat to a short term upside momentum for the Nifty. Initial upside targets for NSE Nifty to be watched is around 17,500 to 17,600 levels in the next few sessions. Immediate support for NSE Nifty is placed at 17,300 levels."

Day trading stocks to buy today

Sharing day trading stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Sandep Matta, Founder, TRADEIT Investment Advisors; Kapil Goenka, Founder at Eternity Financial Services; Manoj Dalmia, Director and Founder, Proficient Equities; Mudit Goel, Senior Research Analyst at SMC Global Securities and Rohit Singre, Senior Technical Analyst at LKP Securities — recommended 9 shares to buy today.

Sumeet Bagadia's stocks to buy today

1] Spencer's Retail: Buy at CMP, target Rs125 to Rs135, stop loss Rs108

2] IGL: Buy at CMP, target Rs585 to Rs600, stop loss Rs560

Sandeep Matta's shares to buy today

3] Omaxe: Buy at Rs83.5, target Rs92 to Rs100, stop loss Rs74

4] Mahamaya Steel Industries: Buy above Rs99, target Rs110 to Rs118, stop loss Rs88

Kapil Goenka's day trading stock

5] Indo Count Industries Ltd or ICIL: Buy at Rs270, target Rs285, stop loss Rs262

Manoj Dalmia's stock of the day

6] Arvind Smartspace: Buy at Rs141, target Rs159, stop loss Rs133

Mudit Goel's intraday stock to buy

7] Tech Mahindra: Buy at CMP, target Rs1485, stop loss Rs1448