Indian market started on a strong note on Friday tracking positive global cues. The S&P BSE Sensex rallied over 500 points while the Nifty50 reclaimed 17,000 levels in the first 15-minutes of trade.
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Sectorally, the rally was seen in metals, realty, auto, capital goods, and power stocks while some selling was visible in the healthcare space.
Top Results today: HDFC, NTPC,
, Cipla, , , DLF, , , , etc. among others.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities told ETBureau
HUL: Buy| Target Rs 2700| Stop Loss Rs 2580
The stock is seen in a rising channel chart formation and a Hammer candlestick pattern suggests bullish continuation to persist.
L&T Finance Holdings Ltd: Buy| Target Rs 78| Stop Loss Rs 72
A breakout from the Ascending Triangle chart pattern specifies a fresh leg of upside from current levels.
HCL Technologies: Buy| Target Rs 975| Stop Loss Rs 930
The stock recorded a range breakout on the daily chart with incremental volumes that suggests a new leg of upward momentum.
Berger Paints: Buy| Target Rs 636| Stop Loss Rs 606
The stock recorded a breakout from the Symmetrical triangle chart pattern with rising volume that indicates bullish momentum.
Expert: Kunal Bothra, Market Expert told ETNow
Buy or Sell: Stock ideas by experts for July 29, 2022
ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Kunal Bothra has a buy/sell recommendation o ICICI Bank and IndusInd Bank while Nooresh Merani has buy/sell recommendation on Bata India and Hdfc Bank for today’s trading session. Check out the targets and stoploss.
ICICI Bank: Buy| Target Rs 833| Stop Loss Rs 800
IndusInd Bank: Buy| Target Rs 1080| Stop Loss Rs 980
SBI Cards: Buy| Target Rs 960| Stop Loss Rs 908
Expert: Nooresh Merani, independent technical analyst told ETNow
Bata India: Buy| Target Rs 2100| Stop Loss Rs 1840
HDFC Bank: Buy| Target Rs 1580| Stop Loss Rs 1400
IDFC First Bank: Buy| Target Rs 40| Stop Loss Rs 36
(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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