Day trading guide for Tuesday: 7 stocks to buy or sell today — July 13

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Day trading guide for Tuesday: Indian stock market was not able to sustain the intraday gains on Monday and closed on a flat note. Nifty opened on an upside gap of 76 points, made an attempt to move up soon after the opening. It later shifted into range bound movement for some time and later showed sharp intraday weakness in the afternoon to later part of the session. According to experts, markets on Monday were not able to surpass the crucial resistance of 15,800 and showed weakness from the highs.

Volumes on the NSE were below recent averages. Among sectors — realty and banks gained the most while telecom & IT lost the most. BSE mid-cap and small-cap indices ended in the green.

Stocks to buy today

SGX Nifty today opening with a gap of 66 points and the markets not closing near its intraday low on Monday, indicates that bulls may bounce back when the market opens on Tuesday. On the basis of these expectations, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking, Rohit Singre, Senior Technical Analyst at LKP Securities and Sandeep Matta, Founder at TRADEIT Investment Advisors — have recommended these 7 shares to buy today.

Sumeet Bagadia’s stock picks

1] Federal Bank: Buy at 89, target 94 to 98, stop loss 86

2] Muthoot Finance: Buy at 1555, target 1600 to 1640, stop loss 1520

Rohit Singre’s picksn for Tuesday traders

3] NOCIL: Buy at 257, target 280 to 300, stop loss below 241

4] Grasim: Buy at 1535, target 1560 to 1575, stop loss below 1510

Sandep Matta’s stock recommendations

5] Adani Ports: Buy at 715, target 755, stop loss 692

6] Symphony: Buy at 1060, target 1150, stop loss 990

7] Gulf Oil: Buy at 684, target 712, stop loss 652.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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