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Stocks to buy or sell today: 10 short-term trading ideas by experts for 7 October 2022 – Blue Barrows

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07
Oct

Indian market opened lower on Friday following muted global cues. The S&P BSE Sensex fell more than 100 points while Nifty50 breached 17,300 levels in the first 15-minutes of trade.

Sectorally, selling pressure was seen in metals, banks, IT, oil & gas, and energy stocks while some buying was visible in consumer durables, auto, and telecom stocks.

The Indian rupee on Friday hit a fresh record low of 82.22 against the US dollar.
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We have collated stocks from various experts for traders who have a short-term trading horizon:

Expert: Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities told ETBureau

: Buy| Target Rs 322| Stop Loss Rs 306

The stock formed a rounding bottom chart formation on intraday charts. It looks like the counter is gaining traction for an up move.

: Buy| Target Rs 8960| Stop Loss Rs 8570

The stock formed an inverted Hammer candlestick pattern near important support zone which indicates trend reversal in the coming sessions.
: Buy| Target Rs 467| Stop Loss Rs 445

The stock is trading into a rising channel pattern with a higher-high and higher-low formation
: Sell| Target Rs 3230| Stop Loss Rs 3380

The stock has failed to sustain above the short-term moving averages, which indicates further downward momentum.

Expert: Kunal Bothra, Market Expert told ETNow

: Buy| Target Rs 87| Stop Loss Rs 78
: Buy| Target Rs 3750| Stop Loss Rs 3450
: Buy| Target Rs 160| Stop Loss Rs 145

Expert: Nooresh Merani, an independent technical analyst told ETNow

: Buy| Target Rs 1900| Stop Loss Rs1650
: Buy| Target Rs 700| Stop Loss Rs 628
: Buy| Target Rs 500| Stop Loss Rs 425

(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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