After experiencing a downward trend for five consecutive days, the stock market finally saw some positive movement today. Both Sensex and Nifty ended the day with notable gains, with Sensex climbing by 499 points and Nifty increasing by 166 points.
Sectors such as real estate, FMCG, and metals closed in the green, indicating a good day for those industries. However, there was some pressure on auto and pharmaceutical stocks, which didn’t perform as well as others.
BTST and STBT Recommendations
In light of today’s market performance, experts are suggesting that investors consider BTST (Buy Today, Sell Tomorrow) and STBT (Sell Today, Buy Tomorrow) calls. They believe that trading in select stocks could yield good earnings.
Notably, 20 out of the 30 Sensex stocks and 36 out of 50 Nifty stocks showed an upward trend, making it a promising environment for trading. Experts have pinpointed specific stocks for these strategies, offering advice on entry points and target prices for potential gains.
Specific Stock Calls
Several experts have provided their insights on which stocks to focus on.
One expert recommends buying Titan at Rs 3397, aiming for a target of Rs 3450 with a stop loss at Rs 3387.
Another suggests purchasing Dabur at Rs 508 with a target of Rs 520 and a stop loss at Rs 504.
Additionally, Reliance Industries is advised for purchase at Rs 1220, targeting Rs 1260 with a stop loss of Rs 1200.
Finally, Jubilant Food is recommended at Rs 691, with a target range of Rs 705 to Rs 710 and a stop loss at Rs 682.
Macrotech Developers is also highlighted with a buy recommendation at Rs 1441, targeting Rs 1500 and a stop loss at Rs 1390.
