13 Jul , 2021 By : Kanchan Joshi
Indian stock market was not able to sustain the intraday gains on Monday and closed on a flat note. Nifty opened on an upside gap of 76 points, made an attempt to move up soon after the opening. It later shifted into range bound movement for some time and later showed sharp intraday weakness in the afternoon to later part of the session. According to experts, markets on Monday were not able to surpass the crucial resistance of 15,800 and showed weakness from the highs.
Volumes on the NSE were below recent averages. Among sectors — realty and banks gained the most while telecom & IT lost the most. BSE mid-cap and small-cap indices ended in the green.
Stocks to buy today
SGX Nifty today opening with a gap of 66 points and the markets not closing near its intraday low on Monday, indicates that bulls may bounce back when the market opens on Tuesday. On the basis of these expectations, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking, Rohit Singre, Senior Technical Analyst at LKP Securities and Sandeep Matta, Founder at TRADEIT Investment Advisors — have recommended these 7 shares to buy today.
Sumeet Bagadia's stock picks
1] Federal Bank: Buy at Rs89, target Rs94 to Rs98, stop loss Rs86
2] Muthoot Finance: Buy at Rs1555, target Rs1600 to Rs1640, stop loss Rs1520
Rohit Singre's picksn for Tuesday traders
3] NOCIL: Buy at Rs257, target Rs280 to Rs300, stop loss below Rs241
4] Grasim: Buy at Rs1535, target Rs1560 to Rs1575, stop loss below Rs1510
Sandep Matta's stock recommendations
5] Adani Ports: Buy at Rs715, target Rs755, stop loss Rs692
6] Symphony: Buy at Rs1060, target Rs1150, stop loss Rs990
7] Gulf Oil: Buy at Rs684, target Rs712, stop loss Rs652.
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