Stocks to Buy Today: 9 Short-Term Trading Ideas

Editorial note: archived material published in 2023. The information, terms and figures reflect the situation as of that date and may be out of date; this material is not an offer or a recommendation.

Stocks to buy today: 9 short-term trading ideas

India's capital market is expected to grow. The stocks recommended by analysts are short-term ideas and include stocks such as Metropolis Healthcare, Laurus Labs, Chambal Fertilisers, Axis Bank, Coal India, Tata Communications, AU Small Finance Bank, Divi's Labor.

India's S&P BSE Sensex and Nifty50 stock indices recorded closes without significant variation in the preceding days, indicating temporary stabilization. However, volatility recorded a slight increase. The Indian market is in a context where there is potential for growth, and options data can provide ideas on key levels and potential trading trajectories.

Analysts recommend several stocks for investors with short time horizons, such as Metropolis Healthcare, Laurus Labs, Chambal Fertilisers, Axis Bank, Coal India and Tata. These recommendations can be considered by investors who want to take advantage of short-term trading opportunities. 

Here are stocks collected from various experts for traders with a short-term trading horizon:

Expert: Jay Thakkar, Head of Alternate Research, Sharekhan by BNP Paribas. Statement for ETBureau:

• Metropolis Healthcare: Buy | Target 1420 | Stop Loss 1270
• Laurus Labs: Buy | Target 355 | Stop Loss 322
• Chambal Fertilisers: Buy | Target 330 | Stop Loss 285

Expert: Nooresh Merani, independent technical analyst, told ETNow:

• Axis Bank: Buy | Target 970 | Stop Loss 870
• Coal India: Buy | Target 255 | Stop Loss 230
• Tata Communications: Buy | Target 700 | Stop Loss 620

Expert: Kunal Bothra, market expert, told ETNow:

• AU Small Finance Bank: Buy | Target 725 | Stop Loss 688
• Divi's Laboratories: Buy | Target 3550 | Stop Loss 3270
• Naukri: Buy | Target 4300 | Stop Loss 3840

It is important to mention that this information and these recommendations come from experts, but they should still be evaluated according to each investor's own analysis and trading strategy.

Source: economictimes.indiatimes.com

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