Investors are cautious ahead of Federal Reserve and ECB meeting this week, awaiting indications as to when the central bank will start withdrawing its monetary stimulus and start raising interest rates eventually. This along with worry over slower economic growth and rising Delta variant cases globally continue to keep market nervous. Even valuations are not comfortable and hence could lead to bouts of profit booking.
Thus traders should adopt stock specific approach while investors could tap this opportunity to accumulate quality stocks, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Here are a few stock trading ideas for intra-day traders for Sept 21 from analysts and experts.
1) Dr. Ravi Singh, Founder and Director, DRS Advisory
Havells: Sell at Rs1406, Target Rs 1350, Stop Loss Rs 1425
Tata Motors DVR: Buy Rs 146.50, Target Rs 155, Stop Loss Rs 142
2) Manoj Dalmia, Founder and Director, Proficient Equities Private Limited
Summit Sec: Buy at Rs 815, Target Rs 880, Stop Loss Rs 780
3) Ravi Singhal, Vice chairman, GCL Securities Limited
PEL: Sell at Rs 2503, Target Rs 2470, Stop Loss Rs 2522
4) Kapil Goenka, Founder at Eternity Financial Services
Sona BMW: BUY at Rs 566, Target Rs 588, Stop loss Rs 550