These 7 stocks to buy or sell today

21 Oct , 2021 By : Kanchan Joshi

After showing weakness from all time highs on Tuesday, Indian stock market witnessed follow-through declines on Wednesday trade session. NSE Nifty dipped 152 points and closed at 18,266 levels whereas BSE Sensex shed 456 points and closed at 61,259 levels. Bank Nifty index went off 22 points and closed at 39,518 mark. According to experts, current trend indicates sharp reversal in the market. The recent swing high of 18,604 could now be considered as a short term top formation for the NSE Nifty.

On a day when the volumes on the NSE were high (but lower than that on the past two days); telecom was the only sectoral index that ended in the green while metals, consumer durable, capital goods, power and realty indices fell the most.

Trade view on NSE Nifty

Unveiling intraday trading tips for Thursday markets; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be negative and there is a possibility of some more weakness in the next 1-2 sessions before showing any convincing upside bounce from the lows. Important lower support for NSE Nifty is placed around 18,150 to 18,100 levels."

Day trading stocks to buy today

Sharing intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singhal, Vice Chairman at GCL Securities; Dr Ravi Singh, Head of Research & Vice President at Share India and Manoj Dalmia, Director & Founder at Proficient Equities Private Limited — recommended 8 shares to buy today.

Sumit Bagadia's intraday stocks for today

1] Bharti Airtel: Buy at CMP, target Rs740 to Rs750, stop loss Rs680

2] Federal Bank: Momentum buy at CMP, target Rs98 to Rs100, stop loss Rs89

Ravi Singhal's stock of the day

3] Dr. Lal Path Labs: Sell at Rs3540, target Rs3422, stop loss Rs3570

Ravi Singh's shares to buy or sell today

4] Bharat Heavy Electricals Limited or BHEL: Buy at Rs72.50, target Rs76, stop loss Rs71

5] Canara Bank: Buy at Rs194, target Rs199, stop loss Rs192

6] Berger Paints India: Sell at Rs802, target Rs785, stop loss Rs806

Manoj Dalmia's stock pick for Thursday

7] Transport Corporation of India or TCI: Buy at Rs551, target Rs613, stop loss Rs524.