Stocks To Buy And Sell For Short Term Gains

Indian markets have dipped in the last 2-days, having been on a winning streak for the last one week. According to Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, the markets are likely to further consolidate given weak global cues, ongoing earnings season and elevated valuations.

"The earnings declared so far has been mixed with cost inflationary pressure being clearly visible on margins. Since the valuations are now at absurdly higher levels, many stocks are priced to perfection thus leaving very little room for any king of disappointment. Thus even slight deviation from result expectation is resulting in steep reactions. We would suggest traders to stay cautious given the kind of volatility being witnessed in the market. Investors on the other hand, should accumulate quality names on every dip as the margin pressure is short term phenomenon while the long term prospects remain bright for the equity markets," he says.

Here are a few buy and sell stock ideas for short term traders, as suggested by technical experts.

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

Gabriel India: Buy the stock at Rs 152, sell the stock at Rs 165, Stop Loss at Rs 145

Bank of India: Buy the stock at Rs 61, sell the stock at Rs 75, Stop Loss Rs 55

Manoj Dalmia, Founder and Director, Proficient equities Private Limited

Tanla Solution: Buy the at Rs 1016, target Rs 1068, Stop Loss Rs 994.

Ravi Singhal, Vice chairman, GCL Securities Limited

Federal Bank, Buy at Rs 97, Stop Loss Rs 92, Target Rs 111.

Disclaimer

The above stocks are chosen by investing experts. 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.