stocks to buy: Stocks to buy today: 6 short-term trading ideas by experts for 28 March 2023


Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 failed to close above the 17000 mark in the previous session.

India VIX was up by 1.35% from 15.24 to 15.44 levels on Monday. Volatility has been on the rise and overall giving swings to the market.

On the monthly Options front, the maximum Call OI is placed at 18000 and then towards 17000 strikes while the maximum Put OI is placed at 17000 and then towards 16500 strikes.

“Options data suggests an immediate trading range in between 16800 to 17200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Nifty formed a Doji sort of candle on the daily scale on Monday which indicates indecisiveness as bounces were sold but supports are intact at lower levels,” he said.

“Now, till the Nifty index holds below 17071 zones, weakness could be seen towards 16850 and 16666 zones, while on the upside hurdles are placed at 17071 and 17171 levels,” recommends Taparia.

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

Expert: Dharmesh Shah, Head – Technical at ICICI Securities told ETBureau

Ultratech Cements: Buy| Target Rs 7690| Stop Loss Rs 7290

Dabur India: Buy| Target Rs 562| Stop Loss R 527

Expert: Kunal Bothra, Market Expert told ETNow

Expert: Nooresh Merani, an independent technical analyst told ETNow

Axis Bank: Buy| Target Rs 900| Stop Loss Rs 815

Godrej Consumer: Buy| Target Rs 1020| Stop Loss Rs 945

Expert: Kunal Bothra, Market Expert told ETNow

Cipla: Buy| Target Rs 920| Stop Loss Rs 870

Shree Cement: Buy| Target Rs 26500| Stop Loss Rs 25000

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)



Read original article here

Denial of responsibility! TechnoCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment