6 Stocks To Buy And Sell for Short-Term Gains

Markets remain volatile

Globally, equities tanked lower as risk sentiment soured amid growing worries over increase in government bond yield, rising inflation and soaring energy prices to multi-year highs. The 10-year benchmark Treasury yield rose to 1.57%, highest in three-months, which might prompt US Fed to tighten monetary policy earlier than expected. Global cues had already weakened after the Reserve Bank of New Zealand hiked its benchmark interest rate for the first time in seven years. The sentiments are also weak given uncertainty looming over US debt ceiling.

Here are 6 stocks to buy and sell for short term traders from reputed analysts and investment firms.

1) Dr. Ravi Singh, Head of Research & Vice President, ShareIndia

BPCL: Buy the stock at Rs 445, Target Rs 455, Stop Loss Rs 442

Bharti Airtel : Sell the stock at Rs 695, Target Rs 680, Stop Loss Rs 700.

2) Manoj Dalmia, Founder and Director, Proficient Equities Private Limited

Agarwal industries CIRP: Buy at Rs 386, Target Rs 403, Stop Loss Rs 379.

3) Ravi Singhal, Vice chairman, GCL Securities Limited

Reliance: Sell at Rs 2570, Stop loss Rs 2588, Target Rs 2,500

4) Sandeep Matta, Founder TradeIT Investment Advisor

HDFC AMC: Buy at Rs 2900, Target Rs 3000-3100, Stop Loss Rs 2800.

Ashok Leyland: Buy the stock at Rs 130, target Rs 137, Stop Loss Rs 123.

Disclaimer

The above is prepared from the recommendations of analysts. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies Pvt Ltd, the author, and the analysts are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.