5 shares to buy or sell today – October 18
Daily Transaction Guide for Monday: The Indian stock market will open today after an extended 3-day weekend. On Thursday, the strong bullish momentum continued in the market and NSE Nifty closed 176 points higher at 18,338 levels, while BSE Sensex closed at 61,305 levels. Bank Nifty on Thursday soared 705 points and closed at 39,340 levels. According to stock market experts, last week the Indian stock market saw two gaps to the upside in the last two consecutive sessions. This shows strong bullish momentum, which is developing in the market.
On a day when volumes on the NSE were higher than the recent average; real estate, energy, metals, capital goods and the banking index were the main winners, while the automobile was the only loser. The mid- and small-cap indices were up about 0.5 percent each.
Commercial opinion on NSE Nifty
Presentation of the intraday trading strategy for Monday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said: “The short-term trend for Nifty remains positive. Although, Nifty closed near the all-time highs, there is still no indication of a reversal formation at the new highs. On the theory of higher highs and lows, profits can be expected to accumulate on the Nifty from around 18,500 to 18,600 levels this week. Immediate support for NSE Nifty is at 18,265 levels. “
Intraday trading stocks for today
Sharing today’s intraday stocks, stock market experts – Sumeet Bagadia, Choice Broking CEO and Ravi Singh, Head of Research and Share India Vice President – recommended 5 stocks to buy today.
Sumeet Bagadia shares to buy today
1]HDFC: Buy momentum in CMP, target ₹2850 to ₹2880, stop loss ₹2750
2]Indian Oil Corporation Ltd or IOCL: Buy at CMP, aim ₹138 to ₹140, stop loss ₹130
Ravi Singh shares to buy today
3]Hindalco Industries: Buy in ₹515, target ₹535, stop loss ₹511
4]PFC: Buy in ₹146, objective ₹155, stop loss ₹143
5]ACC: Buy in ₹2310, objective ₹2360, stop loss ₹2295.
Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage companies, and not of Mint.
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