stocks to buy: Stocks to buy or sell today: 8 short-term trading ideas by experts for 13 January 2023

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By Jason Junior On Jan 13, 2023

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Indian market is expected to open higher on Friday tracking positive global cues.

S&P BSE Sensex rose by about 100 points while the Nifty50 closed below 17900 levels on Thursday.

India VIX was down by 0.48% from 15.51 to 15.43 levels on Thursday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume.

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18100 strikes while the maximum Put OI is placed at 17,700 and then towards 17900 strikes.

“Options data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan

, Analyst-Derivatives at Limited, said.

“Nifty formed a small-bodied Bearish candle on the daily scale on Thursday with long shadows. Now, till it holds below 18018 zones, weakness could be seen towards 17820 and 17777 zones whereas hurdles are placed at 18018 and 18081 zones,” he said.

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
: Buy| Target Rs 387| Stop Loss Rs 368
The stock recorded a range breakout on the daily chart and incremental volume activity suggests a new upward momentum. Life: Buy| Target Rs 480| Stop Loss Rs 455
The counter is in a gradual up move and a close above the short-term moving averages hints at upward continuation.: Buy| Target Rs 2280| Stop Loss Rs 2180
The stock is trading in a rising channel pattern with a higher high and higher low formation that indicates momentum.: Buy| Target Rs 4090| Stop Loss Rs 3920
The counter is trading in a triangle formation near short-term moving averages & a breakout is possible.

Expert: Kunal Bothra, Market Expert told ETNow

: Buy| Target Rs 1350| Stop Loss Rs 1288: Buy| Target Rs 232| Stop Loss Rs 206

Expert: Nooresh Merani, an independent technical analyst told ETNow

: Buy| Target Rs 540| Sop Loss Rs 480

L&T: Buy| Target Rs 2300| Stop Loss Rs 2100

(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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