Key support for the index stands at 17,400 and a break below this level could take Nifty50 towards 17,000, experts suggest.
The highest new Open Interest (OI) entries were seen at 18,000 calls and 17,000 puts in weekly and 18,000 calls and 16,500 puts in monthly contracts.
“The bullish exhaustion that appeared after entering the 17860-960 band indicates a full-fledged trend reversal, but we tend to look for a recovery from around 17700,” says Anand James – Chief Market Strategist
“However, a close below this level today could significantly increase the likelihood of a dip from 17,000 to 16,650, although one might wait for a break of 17,430 for confirmation,” he said.
For traders with a short-term trading horizon, we have compiled stocks from various experts:
Expert: Vinay Rajani, CMT (Senior Technical and Derivative Analyst), Securities to ETBureau
: Buy| Target Rs 450| Stop loss Rs 400
The stock surpassed a crucial double top resistance of Rs 410 on a closing basis. Indicators and oscillators are bullish. : Buy| Target Rs 1125 | Stop loss Rs 1065
The stock price has posted a new all-time high at 1,097 and is above all major moving averages.
Brokerage: Securities told ETMarkets
: Sell| Target Rs 280| Stop loss Rs 298
Short positions can be initiated in the range of Rs 292-295 for the target of Rs 280 with a strict stop loss of Rs 298. : Buy| Target Rs 328| Stop loss Rs 315
A long position can be opened in the range of Rs 317-320 for the target of Rs 328 with a strict stop loss of Rs 315. : Sell| Target Rs 276| Stop loss Rs 292
Short positions can be opened in the range of Rs 286-289 for the target of Rs 276 with a strict stop loss of Rs 292.
Expert: Kunal Bothra, market expert to ETNow
Buy or Sell: Expert stock ideas for September 21, 2022
ET Now spoke to various experts and here is what they recommend for today’s trading session. Nooresh Merani has a Buy/Sell rating on Bharti Airtel and Sun Pharma for today’s trading session, while Kunal Bothra has a Buy/Sell rating on United Spirits and Oberoi Realty. Look at the targets and stoploss.
: Buy| Target Rs 900| Stop Loss Rs 866 : Buy| Target Rs 1300| Stop Loss Rs 1250 : Buy| Target: Rs 51,400| Stop loss Rs 49,650
Expert: Nooresh Merani, an independent technical analyst told ETNow
: Buy| Target Rs 950| Stop Loss Rs 885 : Buy| Target Rs 850| Stop loss Rs 770
United Spirits: Buy| Target Rs 950| Stop loss Rs 850
(Disclaimer: Experts’ recommendations, suggestions, views and opinions are their own. These do not represent the views of Economic Times)
https://economictimes.indiatimes.com/markets/stocks/news/stocks-to-buy-or-sell-today-10-short-term-trading-ideas-by-experts-for-21-september-2022/articleshow/94341365.cms stocks to buy today: Stocks to buy or sell today: 10 short-term trading ideas by experts for 21 September 2022