8 Stocks To Buy And Sell For Short-Term Gains

Brokers and analysts continue to be bullish on the markets, though they expect some consolidation at higher levels. Here are 8 stock ideas from brokers and technical analysts, which can be used for short term intra day trading for Oct 4, 2021.

Stocks to buy and sell

1) Dr. Ravi Singh, Head of Research & Vice President, ShareIndia

Bank of India: Buy the stock at Rs 56, Target on the stock Rs 65, Stop Loss, Rs 54

Cadila Health: Buy at Rs 556, Sell the stock at Rs 570, Stop Loss Rs 551

BHEL: Buy at Rs 65, Target Rs 72, Stop Loss Rs 63

2) Manoj Dalmia, Founder and Director, Proficient Equities Private Limited

Titagorh Wagon: Buy the stock at at Rs 107, Target Rs 122, Stop Loss Rs 110.50

3) Sandeep Matta, Founder TradeIT Investment Advisor

Gujarat Gas: Buy at Rs 615, Target Rs 640- 665, Stop Loss Rs 590

Vedanta: Buy Rs 286, Target Rs 294-304, Stop Loss Rs 275

4) Ravi Singhal, Vice Chairman, GCL Securities Limited

Reliance: Buy at Rs 2523, Target Rs 2544, Stop Loss Rs 2513

Stocks to trade

5) Kapil Goenka, Founder at Eternity Financial Services

KPI Global Infrastructure: Buy at Rs 128, Target Rs 140, Stop Loss Rs 118

According to Dr. Joseph Thomas, Head of Research, Emkay Wealth Management, "The equity market was off the peaks it had ascended in the last couple of weeks, as the Fed gave more emphatic indications of a tapering of the bond  buying program quite soon. Though the initial response from the markets was positive, the likelihood of the rates rising fast with a high retail inflation and higher growth numbers started getting etched in the minds of the market participants. The 10 Year bench mark yield moved up above the 1.50 % level and it looks set to move up further. The testimony by the Fed Chairman this week further scaffolded this belief in an impending change of policy."

Disclaimer:

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.