Stocks to buy or sell today: 5 short-term trading ideas by experts for 10 March 2023

Indian market is likely to trade lower on Friday tracking weak global cues. The S&P BSE Sensex fell more than 500 points while the Nifty50 closed below 17600 levels.

India VIX moved up by 2.21% from 12.45 to 12.72 levels on Thursday. Volatility slightly moved up for the day but overall it has been cooling off and stable which is a positive sign for the bulls.

On the weekly options front, the maximum Call OI is placed at 17,700 and then towards 18,000 strikes, while the maximum Put OI is placed at 17,600 and then towards 17,700 strikes.

“Options data suggests a broader trading range in between 17,200 to 18,000 zones, while and immediate range in between 17,450 to 17,800 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“The Nifty50 failed to surpass 50-DEMA and closed the day with losses of around 165 points on Thursday. It formed a Bearish Engulfing pattern on the daily scale as it wiped out the entire recovery of the last session,” he said.

“Nifty has to hold 17525 zones to witness a positive to range-bound move towards 17777 and 17850 zones while on the downside support exists at 17442 and 17350 zones,” recommends Taparia.

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

Expert: CA Rudramurthy, managing director at Vachana Investments told ETNow
NTPC: Buy | Target: Rs 195 | Stop Loss: Rs 175
Bharti Airtel: Buy | Target: Rs 810| Stop Loss: Rs 760

Expert: Kunal Bothra, Market Expert told ETNow
BHEL: Sell | Target: Rs 75 | Stop Loss: Rs 80
Manappuram Finance: Sell | Target: Rs 114 | Stop Loss: Rs 119
Ujjivan Financial: Buy | Target: Rs 304 | Stop Loss: Rs 275

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