7 Buy& Sell Stock Ideas For Immediate Short Term Gains

Motilal Oswal has come out with its latest report on its technical buy, sell and hold stock ideas for technical investors. Here are 7 buy and sell, stock ideas from the brokerage firm.

IDFC Bank

The buying range set for the IDFC First stock is Rs 78.5 to 76.5, with a price target on the stock of 100, with a stop loss at Rs 70.

Axis Bank

The buying range for this stock has been set at Rs 818 to Rs 800 with a sell price target of Rs 1000 and a stop loss at Rs 700.

Trent

For this Tata group stock, the buying range set by Motilal Oswal is Rs 1414 to 1385, with a stop loss at Rs 1300 and a sell price target of Rs 1650.

Bharti Airtel

For Bharti Airtel the buying range has been set at Rs 780 to Rs 760, with a price target of Rs 900 and a stop loss at Rs 700.

Cochin Shipyard

For Cochin Shipyard, the firm has suggested to buy around Rs 515 to Rs 490, with a price target of Rs 600 and a stop loss at Rs 475.

Tata Chemicals

For Tata Chemicals the buying range has been set at Rs 1178 to Rs 1150, with a price target of Rs 1400 with a stop loss at Rs 1080.

Aditya Birla Fashion

Motilal Oswal has suggested buying the stock of Aditya Birla Fashion and Retail in the range of Rs 332 to Rs 322 with a price target at Rs 390 and a stop loss at Rs 300.

Indian markets holding well

Nifty index has been outperforming the Global market as DJIA is down by 16% on YTD compared to 1.5% gains of Nifty index on YTD basis. Indian market is holding well and any major decline led by Global volatility is being bought with outperformance nature.
Last Diwali (04th November 2021) Nifty was trading near to 17900 zones and we are slightly down as of now but good part is that in last few months Nifty corrected towards 15200 zones and that was bought smartly in spite of nervousness by the FIIs in Indian market.

"We have seen negative reaction due to Geo-Political concern, depreciating Rupee and rising Dollar Index. Flow from SIP and DIIs continued the Bullish charm to take the index back to previous Diwali levels.
Index has remained wild and volatile in a broader range of 3000 points from 15183 to 18350 zones in the last 12 months and most of the time it has been hovering near 16500-17000 zones. Technically, Nifty is at the verge of breakout from a bigger Pole and Flag pattern on Monthly scale which started its structure from October 2021.

On weekly basis, it is forming a Rounding formation or a Cup & Handle pattern which has implication that buying is seen slowly and gradually from lower zones and now a decisive breakout is required to commence the next major bull leg of rally in the market. On immediate basis, any decline could be bought with major support of 16750-16950 zones while on positional basis a hold of 17777-18000 could open the further rally towards 18600-19000 zones," Motilal Oswal has said in its report.