Stocks to buy or sell today: 10 short-term trading ideas by experts for 3 October 3, 2022

The market opened lower on Monday, tracking weak global cues. The S&P BSE Sensex fell more than 200 points while the Nifty50 managed to hold on to 17,000 in the first 15-minutes of trade.

Sectorally, oil & gas, utilities, telecom, energy, and power stocks saw some buying while selling was visible in banks, metals and IT stocks.

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

Chandan Taparia, Vice-President, Analyst-Derivatives at Motilal Oswal Financial Services told ETBureau:

Aditya Birla Fashion and Retail: Buy | Target Rs 370| Stop Loss Rs 338

The stock is making higher lows in the last 3 months, and is consistently moving northwards. It is finding buying demand on every dip.

Ambuja Cements: Buy | Target Rs 540| Stop Loss Rs 503

The stock recorded a breakout on the monthly frame with good volumes and is holding well above its 50-days exponential moving average (EMA).

Apollo Tyres: Buy| Target Rs 291| Stop Loss Rs 271

The stock recorded higher lows in the last 3 months and is coming out of its consolidation band.

Shriram Transport Finance: Sell | Target Rs 1,145| Stop Loss Rs 1,225

The stock is making lower highs–lower lows over the last three weeks and a breakdown below its 50-Weeks EMA is a bearish indicator.

Kunal Bothra, Market Expert told ETNow:
Also Watch

Bajaj Auto: Buy| Target Rs 3750| Stop Loss Rs 3450

RIL: Buy| Target Rs 2,475| Stop Loss Rs 2,320

Manappuram Finance: Buy| Target Rs 103| Stop Loss Rs 95

Nooresh Merani, an independent technical analyst told ETNow:

Axis Bank: Buy| Target Rs 800| Stop Loss Rs 715

Lupin: Buy| Target Rs 730| Stop Loss Rs 665

Ashok Leyland: Buy| Target Rs 170| Stop Loss Rs 148

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