Consumer Durables News

Stocks to buy today: 6 short-term trading ideas by experts for 27 July

Indian markets started on a strong note on Wednesday despite muted trend seen in other Asian markets ahead of an expected Federal Reserve interest rate hike later in the day.

At 10:00 am, the S&P BSE Sensex was trading with more than 150 points gains while the Nifty50 reclaimed the 16,500 level.

Sectorally, buying was seen in capital goods, realty, public sector, healthcare and oil & gas stocks while selling was seen in consumer durables and telecom stocks.

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

Nayak Ajit Srinivas, Technical and Derivative Analyst, Securities told ETBureau

Carborundum Universal Ltd: Buy| Target Rs 850| Stop Loss Rs 754

The stock price has broken out from a downward sloping trend line on the daily chart with rising volumes.

Castrol India: Buy| Target Rs 123| Stop Loss Rs 108

The stock is sustaining above its 50 and 100-Days EMA. Indicators and Oscillators have been showing strength which is a positive sign for the bulls.

Expert: Kunal Bothra, Market Expert told ETNow

Coal India: Buy| Target Rs 208| Stop Loss Rs 197

IndusInd Bank: Buy| Target Rs 1000| Stop Loss Rs 937

Expert: Nooresh Merani, independent technical analyst told ETNow

HDFC Bank: Buy| Target Rs 1500| Stop Loss Rs 1350

PVR: Buy| Target Rs 2200| Stop Loss Rs 1920

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

Source link