Stocks to buy and sell today – Following good global cues, the Indian market increased on Tuesday after seeing a 1% decline in the previous trading session. In the first 15 minutes of trading, the S&P BSE Sensex increased by more than 400 points and the Nifty50 also succeeded in regaining the 17400 levels.
Looking for stocks to buy and sell today, take a look at Utilities, power, metals, the public sector, and oil & gas stocks all saw buying on a sectoral level.
In weekly contracts, the highest fresh OI increase was 18000 for calls and 17000 for puts, and in monthly contracts, it was 18000 for calls and 16000 for puts.
In the most recent trading, the Nifty50 found support around 17100 levels, where it mounted a clever bounce back, a sign of strength. According to experts, the index may encounter some resistance close to the 17500 levels.
“The downsides lost momentum on tests of the 17160 region triggering upside attempts on anticipated lines. This ideally aims for the 17800-520 region but expect bears to resurface on approach to 17500-17520,” Anand James – Chief Market Strategist at Geojit Financial Services NSE 0.33 %, said.
“Downside marker may be placed at 17250, but it is the performance in the 17450-17520 region that will set the mood on Tuesday,” he said.
Here are the stocks to buy and sell today
Bharat Electronics: Buy| Target Rs 324| Stop Loss Rs 298
For stocks to buy today and sell tomorrow, prices are in a strong up trend and are sustaining above the rising supply line joining highs of October 2021 and April 2022.
Cyient: Buy| Stop Loss Rs 803| Target Rs 880
The stock price is placed at an upside breakout of a small range. The daily RSI is placed at 60 which signals further upside.
India Cements: Buy| Target Rs 208| Stop Loss Rs 190
The stock is likely to show an upside breakout of hurdle in the short term. Volume and daily RSI indicate more upside.
Titan Company: Buy| Target Rs 2640| Stop Loss Rs 2465
Buying demand at the 20 days EMA and lower band of the rising channel of last two months up move.
