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Stocks to buy today: Stocks to buy or sell today: Top 10 short-term trading ideas by experts for 22 September 2022


Sep 22, 2022

Indian market opened lower on Thursday tracking weak global cues after the US Fed raised interest rates by 75 bps with a hawkish outlook.
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The S&P BSE Sensex plunged more than 400 points while Nifty50 broke below 17600 in the first 15-minutes of trade.

The rupee hit a record low against the Dollar at Rs 80.40 per USD compared to Rs 79.98 per USD recorded in Wednesday’s session.

Sectorally, selling pressure was seen in IT, banks, oil & gas, and energy stocks.

“While the Fed’s 75bp rate hike and reiteration of the hawkish message were on expected lines, an indication that the terminal rate is likely to be 4.6% was higher than market expectations,” Dr. V K Vijayakumar, Chief Investment Strategist at

, said.

“US 10-year bond yield spiking above 3.5% and the dollar index above 111 are unnerving for equity markets. Now the market feels that the probability of a US recession has increased to 75%. In the backdrop of sharply slowing Eurozone and China, this is bad news for global growth,” he said.

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

: Buy| Target Rs 332| Stop Loss Rs 311

The stock has given an inverse head and shoulder pattern breakout.
: Buy| Target Rs 3850| Stop Loss Rs 3700

The stock has given a consolidation breakout.
: Sell| Target Rs 200| Stop Loss Rs 214

The stock has given an inverted cup and handle breakdown.

Brokerage: Securities told ETMarkets

Intraday Picks by Reliance Securities

Motor: Sell| Target Rs 3600| Stop Loss Rs 3800

Short position can be initiated in the range of Rs 3700-3730 for the target of Rs.3600 with a strict stop loss of Rs 3800
: Sell| Target Rs 670| Stop Loss Rs 702

Short positions can be initiated in the range of Rs 690-696 for the target of Rs.670 with a strict stop loss of Rs 702.
: Buy| Target Rs 172| Stop Loss Rs 163

Long position can be initiated in the range of Rs 165- 167 for the target of Rs.172 with a strict stop loss of Rs 163.

Expert: Kunal Bothra, Market Expert told ETNow

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Buy or Sell: Stock ideas by experts for September 22, 2022

ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Nooresh Merani has a buy/sell recommendation on HDFC Bank and Sun Pharma while Kunal Bothra has buy/sell recommendation on HUL and Sun Pharma for today’s trading session. Check out the targets and stoploss.

: Buy| Target Rs 2700| Stop Loss Rs 2560
: Buy| Target Rs 980| Stop Loss Rs 880

Britannia Industries: Buy| Target Rs 3840| Stop Loss Rs 3700

Expert: Nooresh Merani, an independent technical analyst told ETNow

: Buy| Target Rs 1600| Stop Loss Rs 1470

Sun Pharma: Buy| Target Rs 950| Stop Loss Rs 880

: Buy| Target Rs 300| Stop Loss Rs 238

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