Stocks to Buy Today: Expert Recommendations and Market Insights
Discover expert stock recommendations and market updates for today. Key picks include HDFC Bank, Coromandel International, Zen Technologies, and more. Learn about FII/DII activities, global market trends, and price targets.
Stocks to Buy Today: Expert Recommendations and Market Insights
Looking for stock market tips? Here's a roundup of expert recommendations and the latest updates on the market. Domestic and global indices showed gains, and traders have new opportunities to explore today.
Monday Market Highlights
The domestic stock market ended Monday's trading session on a positive note:
- BSE Sensex: Up 499 points, closing at 78,540
- Nifty50: Gained 166 points, settling at 23,753
- Bank Nifty: Increased by 558 points to 51,318
According to Devarsh Vakeel, Deputy Head of Retail Research at HDFC Securities, "Nifty50 could see a pullback toward the next resistance level at 24,065 if it holds above 23,870. The 23,500 level remains strong support in the near term."
FII and DII Activity
- Foreign Institutional Investors (FIIs): Sold shares worth ₹168.71 crore on Monday. In December, FIIs have sold ₹4,289.93 crore worth of shares.
- Domestic Institutional Investors (DIIs): Bought shares worth ₹2,227.68 crore on Monday. So far in December, DIIs have invested ₹18,774.09 crore.
Global Market Update
US Markets: Closed with modest gains on Monday.
- Dow Jones: +0.16%
- S&P 500: +0.73%
- Nasdaq: +0.98%
Asian Markets: Posted modest gains in Tuesday’s trading session.
Stocks to Buy Today
Experts have shared their stock picks with recommended buy prices, stop-loss levels, and target prices:
Coromandel International:
- Buy Price: ₹1,868
- Stop Loss: ₹1,800
- Target: ₹1,989
Zen Technologies:
- Buy Price: ₹2,566.8
- Stop Loss: ₹2,465
- Target: ₹2,727
HDFC Bank:
- Buy Price: ₹1,802
- Stop Loss: ₹1,785
- Target: ₹1,840
Hindustan Petroleum Corporation:
- Buy Price: ₹404
- Stop Loss: ₹396
- Target: ₹425
MCX (Multi Commodity Exchange):
- Buy Price: ₹6,370
- Stop Loss: ₹6,280
- Target: ₹6,550
Tuesday Market Outlook
The domestic market is expected to open flat today, with the GIFT Nifty indicating a modest gain of nearly 10 points. Traders should closely monitor market trends and these expert recommendations for potential gains.
Stay updated for more stock insights and market updates!
