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Stocks to buy or sell today: 9 short-term trading ideas by experts for 5 September

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Indian market opened higher on Monday despite muted global cues. The S&P BSE Sensex rallied more than 200 points to reclaim 59,000 mark while the Nifty50 also rose above 17,600 levels in the first 15-minutes of trade.

Sectorally, buying was seen in metals, telecom, realty, banks and finance stocks while selling was seen in healthcare, auto, FMCG, and oil & gas stocks.

Highest new OI addition was seen at 18000 for Calls and 17000 for Puts in weekly and at 17500 for Calls and 16000 for Puts in monthly contracts.

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“The week opens with a modest downside objective of 17440-17370, before allowing a chance for bulls to fight back. Inability to push beyond 17580, would however bring the 17000-16650 region again in play,” Anand James – Chief Market Strategist at , said.

We have collated stocks from various experts for traders who have a short-term trading horizon:

Expert: Chandan , Derivative & Technical Analyst, told ETBureau

L&T: Buy| Target Rs 2020| Stop Loss Rs 1900

The stock has been making higher lows over the last 10 weeks and is moving unilaterally and sustaining upwards despite volatile swings.

TVS Motor: Buy| Target Rs 1070| Stop Loss Rs 1005

The stock made a strong bullish candle on the weekly frame and is making higher highs from the last six months which is a positive sign.

HAL: Buy| Target Rs 2470| Stop Loss Rs 2320

A breakout on its weekly frame and follow-up buying at higher zones as it closed with higher volumes auger well for the bulls.

ITC: Buy| Target Rs 340| Stop Loss Rs 314

The stock is making higher top – higher bottom over the last few months and has made a strong Bullish candle on the weekly frame.

Expert: Kunal Bothra, Market Expert told ETNow

Buy or Sell: Stock ideas by experts for September 05, 2022

ET Now spoke to various experts, and here’s what they recommend for today’s trading session. Nooresh Merani has a buy/sell recommendation on SBI and Welspun, while Kunal Bothra had buy/sell advice on LIC Housing and NCC for today’s trading session. Check out the targets and stop loss.

LIC Housing Finance: Buy| Target Rs 440| Stop Loss Rs 400

NCC: Buy| Target Rs 77| Stop Loss Rs 67

Mahindra Holidays: Buy| Target Rs 300| Stop Loss Rs 276

Expert: Nooresh Merani, an independent technical analyst told ETNow


SBI: Buy| Target Rs 570| Stop Loss Rs 525

Welspun Corp: Buy| Target Rs 280| Stop Loss Rs 225

Mahindra Holidays: Buy| Target Rs 330| Stop Loss Rs 265

(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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