Stocks to Buy These Days: 10 Professional Momentary Buy and Sell Ideas for August 1st

The Indian market began to observe a firm monitoring some global signals on Monday. The S&P BSE Sensex rallied over 100 points while Nifty50 recovered 17,200 levels in the first 15 industry minutes.

Sector-wise, buying was seen in autos, metals, discretionary buying, energy and telecommunications, while some earnings reserves were seen in real estate, IT, oil and fuel. and effort shares.

The Nifty50 easily topped 17,000-17,100 in July and now the market move will be driven by auto sales, PMI numbers and TPS range numbers for the indices as well as the outcome of the MPC meeting scheduled for August 5.

At the revenue entry, companies like , M&M, , , etc. will likely highlight their effects for the quarter ended June this week.

The Nifty50 might face some resistance near the 17,300-17,400 ranges as the maximum technical signs are in an overbought zone and some consolidations cannot be ruled out.

“Even if the oscillators are overbought, focusing on a reversal point is an onerous task as continuation patterns and momentum remain dominant, suggesting that a significant drop before the 17,500 hit is less likely. “, said Anand James, chief market strategist at

,.

“We will remain vigilant for a potential pullback among the bulls as we approach the 17,320 and 17,045 seen either side of the current level. Key supports are seen in 16,960 and 16,800-16,750 regions” , he added.

We have gathered the actions of several professionals for investors who have a momentary buying and selling horizon:

Specialist: Chandan

derivative and technical analyst, MOSL advised ETBureau
Bata India: Buy | Objective Rs 2050 | Stop Loss Rs 1919

A three-period accumulation of fees and volume helped this inventory break out of its range. It is now pointing upwards, which is a favorable signal for bulls.

Tata Elxsi: Buy| Objective Rs 9000 | Stop Loss Rs 8535

Inventory is moving in an uptrend channel overnight and also helping to move higher.

Ltd: Buy| Target Rs 2490 | Stop Loss Rs 2323

The follow-on buys are visual and have moved above their prior resistance zone.

Hindalco: Buy| Target Rs 434 | Stop Loss Rs 405

The inventory recorded a price-volume breakout with a robust balance and reached higher lows in the last 5 weeks.

Expert: Kunal Bothra, market expert advised by ETNow

HDFC Ltd: Buy| Target Rs 2450 | Stop Loss Rs 2360

Coal India: Buy | Objective Rs 225 | Stop Loss Rs 200

IRCTC: Buy| Objective Rs 675 | Stop Loss Rs 614

Expert: Nooresh Merani, ETNow Advised Unbiased Technical Analyst

Hero MotoCorp: Buy | Objective Rs 3200 | Stop Loss Rs 2770

L&T Finance: Buy| Objective Rs 85 | Stop Loss Rs 73

Muthoot Finance: Buy| Target Rs 1200 | Stop Loss Rs 1045

(Disclaimer: Recommendations, ideas, insights and reviews given by professionals are their own. These do not constitute the views of The Economic Times)

Alejandro L. Myatt