Stocks to buy or sell today: 6 short-term trading ideas by experts for 12 October 2022

The Indian market opened higher on Wednesday, aided by gains in IT and power stocks. S&P BSE Sensex was up over 150 points in early trade while Nifty 50 was above the 17,000 level.

Sectorally, buying was seen in IT, realty, auto, banking, financial and FMCG stocks while selling was visible in media stocks.

Asian stocks opened lower on Wednesday after a mixed close on Wall Street following the IMF's downcast economic outlook, with investors remaining cautious about the impact of inflation.

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


Expert: Gaurav Ratnaparkhi, Head - Technical Research, Sharekhan by BNP Paribas told ETBureau
Sun Pharma: Buy| Target Rs 975-1,010| Stop Loss Rs 915

The stock is forming a consolidation, post a trendline breakout. Daily & weekly momentum indicators in bullish mode.

MGL (Fut): Sell| Target Rs 750-722| Stop Loss Rs 812

The counter broke the 200 DMA. The structure is extending on the downside and daily momentum indicator in sync with fall.

Dalmia Bharat (Fut): Sell| Target Rs 1,430-1,370| Stop Loss Rs 1,551

Popgun pattern on daily chart; follow-through selling likely. The daily Bollinger Band is expanding on the downside.

Expert: Nooresh Merani, an independent technical analyst told ETNow

Also Watch:

Axis Bank: Buy| Target Rs 850| Stop Loss Rs 760

IDFC: Buy| Target Rs 80| Stop Loss Rs 70

Kalpataru Power: Buy| Target Rs 500| Stop Loss Rs 430

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