The Economic Times daily newspaper is available online now.

    Stocks to buy today: 7 short-term trading ideas by experts for 19 January 2023

    Synopsis

    On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.

    Stocks to buy today: 7 short-term trading ideas by experts for 19 January 2023Agencies
    Indian market is expected to trade lower on Thursday tracking muted global cues.

    The S&P BSE Sensex rose nearly 400 points while the Nifty50 reclaimed 18100 levels on Wednesday.

    India VIX was down by 0.98% from 14.59 to 14.44 levels on Wednesday. Volatility cooled down from higher zones and now needs to now come below 14 zones for stability to resume, suggest experts.

    On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.

    “Options data suggests a shift in a trading range in between 17900 to 18400 zones while an immediate trading range in between 18000 to 18300 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

    “Nifty formed a bullish candle on the daily scale on Wednesday and has been making higher highs from the last four sessions with surpass of the falling supply trend line on the daily chart,” he said.

    “It has to hold above 18081 zones for an up move towards 18250 and 18350 zones whereas supports are placed at 18081 and 18018 zones,” recommends Taparia.

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

    Expert: Jayesh Bhanushali, Sr Derivatives &Technical Research Analyst, IIFL told ETBureau

    L&T: Buy| Target Rs 2350| Stop Loss Rs 2180
    The stock has given a short-term breakout.

    Siemens: Buy| Target Rs 3190| Stop Loss Rs 2960
    The stock broke the previous swing high.

    ABB: Buy| Target Rs 3030| Stop Loss Rs 2835
    The stock closed above the 50-day EMA.

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

    UPL: Buy| Target Rs 780| Stop Loss Rs 709

    Expert: Kunal Bothra, Market Expert told ETNow

    HDFC Ltd: Buy| Target Rs 2720| Stop Loss Rs 2640

    ONGC: Buy| Target Rs 156| Stop Loss Rs 145

    Expert: CA Rudramurthy, managing director at Vachana Investments told ETNow

    SAIL: Buy| Target Rs 98| Stop Loss Rs 87

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



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in