stocks to buy today: Stocks to buy or sell today: 10 short-term trading ideas by experts for 12 September

By Jason Junior On Sep 12, 2022

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Indian market rose on Monday tracking positive global cues. The S&P BSE Sensex reclaimed the 60,000 mark while Nifty50 also managed to trade above 17,900 levels in the first 15-minutes of trade.

Sectorally, buying was seen in IT, metals, realty, and consumer discretionary.

The highest new open interest (OI) addition was seen at 18,000 for Calls and 17,000 for Puts in weekly and at 18,000 for Calls and 16,000 for Puts in monthly contracts. Hence, 18,000 will act as a crucial resistance level.

“India VIX declined as we approach 17,900 levels which encourages us to look for 18,160-18,600 levels on the Nifty50 in the near term,” Anand James – Chief Market Strategist at

, said.

“Alternatively, inability to float above 17,750, will negate our bullish bias, and revisit chances of 17,000-16,650, should 17,450 give away as well,” he said.

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

Expert: Sagar Doshi, Technical Head, Research, told ETBureau
Adani Ports: Buy| Target Rs 960| Stop Loss Rs 880

The stock gave a range break out on the monthly chart after 18 months of consolidation with rising volume and OI.

Bharat Forge: Buy| Target Rs 840| Stop Loss Rs 756

The stock formed a higher high and an inverse head and shoulder pattern break out that suggests the stock has good upside potential.

SAIL: Buy| Target Rs 88| Stop Loss Rs 80

Inside bar formation breakout suggests that the stock is likely to reclaim 88 levels soon.

Balaji Amine: Buy| Target Rs 4200| Stop Loss Rs 3400

The stock has formed an inverse head &shoulder pattern on the weekly charts. Volume and strength suggest break out on higher side.

Expert: Kunal Bothra, Market Expert told ETNow

Infosys: Buy| Target Rs 1600| Stop Loss Rs 1460

IndusInd Bank: Buy| Target Rs 1170| Stop Loss Rs 1110

Anant Raj: Buy| Target Rs 129| Stop Loss Rs 86

Expert: Chandan , Vice President, Equity Derivatives – Technical, Broking & Distribution, told ETNow

Tech Mahindra: Buy| Target Rs 1165| Stop Loss Rs 1105

RBL Bank: Buy| Target Rs 134| Stop Loss Rs 125

SBI: Buy| Target Rs 575| Stop Loss Rs 542

(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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