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Day trading: Six stocks to buy or sell today – July 6 – Mint

Stocks to buy today: After world stocks hugged close to record highs on Monday, Indian indices ended higher for the second consecutive day on Monday. The Nifty opened higher with a gap up, rose to remain in a band through the day and closed near its intraday high. At close, the NSE Nifty was up 112.20 points at 15,834. However, volumes on the NSE remained subdued. Among sectors, Realty, Metals and Banks were the main gainers, while Power was the lone loser. BSE mid-cap and small-cap indices rose 0.3 per cent and 0.8 per cent respectively. According to experts, Indian stock market has some more upside potential in the near term. They said that 15,870 to 15,915 could be the next resistance for the Nifty while 15,777 could be its immediate support.

Expecting volume expansion in the market stock market experts advised investors to buy these shares when the market opens on Tuesday:

Speaking on shares to buy today Sumeet Bagadia, Executive Director at Choice Broking said, “Today investors or traders can buy SBI and Godrej Properties shares.”

Here are the levels that Sumeet Bagadia of Choice Broking advised while taking position in his suggested counters:

1] SBI or State Bank of India: Buy at 430, target 445 to 450, stop loss at 419

2] Godrej Properties: Buy at 1440, target 1500 to 1550, stop loss at 1390

Sharing on his stocks picks of the day Ravi Singhal, Vice Chairman at GCL Securities said, “One can look at Muthoot Finance, delta Corp and Hindalco Industries shares, if there is any plan to add some stock in one’s portfolio.”

Here are the levels that Ravi Singhal advised while taking position in his suggested counters:

3] Muthoot Finance: Buy at 1565, target 1600, 1650 and 1700, stop loss at 1500

4] Delta Corp: Buy at CMP, target 204, 216 and 219, stop loss at 184

5] Hindalco Industries: Buy at CMP, target 400, 415 and 435

On his stock pick of the day Sandeep Matta, Founder at TRADEIT Investment Advisors said that he has only one stock to suggest investors and the stock he names is IDFC First Bank.

Here are the levels that Sandeep Matta advised while taking position in his suggested counters:

6] IDFC First Bank: Buy at CMP, target 60 to 64, stop loss at 45

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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