Stocks to buy today: 9 short-term trading ideas by experts for 20 December 2022

The Indian market opened lower on Tuesday following muted global cues.

In the previous session, the S&P BSE Sensex rose more than 400 points while the Nifty50 reclaimed 18,400 levels.

We have collated stocks from various experts for traders who have a short-term trading horizon:

Expert: Dharmesh Shah, Head - Technical, ICICI Securities, told ETBureau

Reliance Industries: Buy | Target Rs 2675| Stop Loss Rs 2545
Buying demand is emerging from 100-days EMA and 80% retracement of the previous up move.

Ambuja Cements: Buy | Target Rs 590 | Stop Loss Rs 548
The stock has formed a higher base above the 50-days EMA and the lower band of the rising channel.

IDFC First Bank: Buy | Target Rs 67.20 | Stop Loss Rs 59.80
Faster retracement of 13-month decline in five months and the stock has been resolving above the long-term resistance line.

Hindustan Aeronautics: Buy | Target Rs 2770 | Stop Loss Rs 2565
The stock is on the cusp of breaking above the falling channel containing two weeks breather with buying at 50 days EMA.

Expert: Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, told ETMarkets

Usha Martin Ltd: Buy| Target Rs 162| Stop Loss Rs 138

Expert: Kunal Bothra, Market Expert, told ETNow

Marico: Buy| Target Rs 555| Stop Loss Rs 510

HCC: Buy| Target Rs 25| Stop Loss Rs 19

Expert: Nooresh Merani, an independent technical analyst, told ETNow

Mahanagar Gas: Buy| Target Rs 1050| Stop Loss Rs 880

IGL: Buy| Target Rs 500| Stop Loss Rs 425

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)