Stocks to buy or sell today: 9 short-term trading ideas by experts for 15 September 2022

Indian market surged in morning trade, led by banking and financial stocks. The S&P BSE Sensex gained over 300 points in early trade while the Nifty 50 was close to the 18,100 level.

Asian markets were stable but vulnerable on Thursday, a day after their largest decline in three months, as investors assessed the possibility that the Federal Reserve would announce a 100 basis point interest rate hike next week to combat sticky inflation.

India's exports increased marginally by 1.62 per cent to $33.92 billion while the trade deficit more than doubled to $27.98 billion in August.

The wholesale price index of India eased to 12.41 per cent in the month of August 2022 as against 13.93 per cent in July 2022.

“Asian markets are mostly trading higher in early deals following the broadly positive cues from US markets overnight. The US markets ended higher as investors tried to find their footing after the biggest one-day drop in more than two years,” Mohit Nigam, Head - PMS, Hem Securities, said.

On the technical front, the key resistance level for Nifty50 is 18,100 and on the downside, 17,900 can act as strong support, he said, adding that key resistance and support levels for Bank Nifty are 41,900 and 40,800 respectively.

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

Expert: Rajesh Palvia, VP - Technical & Derivative Research, Axis Securities told ETBureau

RBL Bank: Buy| Target Rs 150| Stop Loss Rs 124
The counter witnessed rounding formation at 120 along with volumes. It is sustaining above 20,50,100 & 200 SMAs.

Mahindra Logistics: | Target Rs 610| Stop Loss Rs 515
The stock saw six-month multiple resistance breakout at Rs 523 with rising volumes and is sustaiBuyning above key SMAs.

Allcargo Logistics: Buy| Target Rs 510| Stop Loss Rs 405
The stock witnessed one-year multiple resistance breakout on a weekly time frame at Rs 400. It is sustaining above key SMAs.

Expert: Kunal Bothra, Market Expert told ETNow

IndusInd Bank: Buy| Target Rs 1300| Stop Loss Rs 1175

Jubilant FoodWorks: Buy| Target Rs 660| Stop Loss Rs 620

L&T Finance Holdings: Buy| Target Rs 92| Stop Loss Rs 80

Expert: Nooresh Merani, an independent technical analyst told ETNow

HDFC Bank: Buy| Target Rs 1600| Stop Loss Rs 1490

Marico: Buy| Target Rs 560| Stop Loss Rs 523

Jubilant FoodWorks: Buy| Target Rs 700| Stop Loss Rs 618

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