The markets hit another record highs on Sept 15. Here are some stocks to buy and trade on Sept 16. These recommendation are from broking firms and traders.
1) Sandeep Matta, Founder TradeIT Investment Advisor
Mothersumi: Buy at Rs 228, target Rs 239, stop loss Rs 219
Clean science: Buy at Rs 1800, target Rs 1950, stop loss Rs 1700
2) Ravi Singhal, Vice chairman, GCL securities Limited
L&T Fin: Buy at Rs 86.5, target Rs 92, stop loss Rs 83
3) Kapil Goenka, Founder at Eternity Financial Services
Harrisson Malayam: Buy at Rs 205, target Rs 224, stop loss Rs 189.
4) Manoj Dalmia, Founder and Director, Proficient Equities Private limited
Karnataka Bank: Buy at Rs 84, target Rs 84, Stop Loss Rs 68.
According to Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services the market might be volatile on account of fragile global cues.
"US Fed and ECB's decision with regards to stimulus tapering plans are the most awaited decisions and would keep the markets oscillating. Metals and oil prices along with FII flows would also continue to influence the market. Valuations too are rich and hence could lead to bouts of profit booking. But the overall sentiment in the domestic market remains positive, as controlled Covid cases domestically and strong pick up in vaccination drive, has led to healthy pick-up in economic activities, thus reflecting in continuous improvement of macro data points and positive earnings expectation," the brokerage has said.