Indian market rose more than a per cent on Tuesday following positive global cues. The S&P BSE Sensex rose more than 600 points while the Nifty50 reclaimed 17800 levels in the first 15-minutes of trade.
Sectorally, buying was seen in metal, consumer durables, auto, capital goods, and IT stocks.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Ajit Mishra, VP – Technicals, Broking told ETBureau
: Buy| Target Rs 855| Stop Loss Rs 770
Banking pack is holding strong amid volatility. Axis Bank looks upbeat to retest the record high.
: Buy| Target Rs 2780| Stop Loss Rs 2470
Overall, the trend is bullish. The stock is set for a breakout from a Flag pattern.
: Sell| Target Rs 485| Stop Loss Rs 538
Pharma stocks are trading weak. Aurobindo Pharma has witnessed a fresh breakdown from a congestion zone.
: Sell| Target Rs 96| Stop Loss Rs 107
The stock has ended the three-week-long consolidation phase with a breakdown.
Brokerage Firm: Securities told ETMarkets
Axis Bank: Buy| Target Rs 815| Stop Loss Rs 779
Long position can be initiated in the range of Rs 785- 792 for the target of Rs.815 with a strict stop loss of Rs 779.
: Buy| Target Rs 2780| Stop Loss Rs 2640
Long position can be initiated in the range of Rs 2660-2680 for the target of Rs.2780 with a strict stop loss of Rs 2640.
M&M Finance: Sell| Target Rs 218| Stop Loss Rs 231
For today’s trade, short position can be initiated in the range of Rs 226- 229 for the target of Rs.218 with a strict stop loss of Rs 231.
Expert: Kunal Bothra, Market Expert told ETNow
Buy or Sell: Stock ideas by experts for September 20, 2022
ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Nooresh Merani has a buy/sell recommendation on Sun Pharma and SBI while Kunal Bothra has buy/sell recommendation on IndusInd Bank and Adani Ports for today’s trading session. Check out the targets and stoploss.
: Buy| Target Rs 1300| Stop Loss Rs 1180
: Buy| Target Rs 1000| Stop Loss Rs 925
: Buy| Target Rs 1130| Stop Loss Rs 1070
Expert: Nooresh Merani, an independent technical analyst told ETNow
: Buy| Target Rs 920| Stop Loss Rs 855
: Buy| Target Rs 610| Stop Loss Rs 560
: Buy| Target Rs 230| Stop Loss Rs 195
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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