Markets remain volatile
Globally, equities fell as risk sentiment deteriorated amid growing concerns over rising government bond yields, rising inflation and soaring US prices. energy at multi-year peaks. The benchmark 10-year Treasury yield hit 1.57%, its highest level in three months, which could prompt the US Fed to tighten monetary policy sooner than expected. Global indices had already weakened after the Reserve Bank of New Zealand raised its benchmark interest rate for the first time in seven years. Sentiments are also low given the uncertainty over the US debt ceiling.
Here are 6 stocks to buy and sell for short-term traders from reputable analysts and investment firms.
1) Dr Ravi Singh, Director of Research and 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 President, GCL Securities Limited
Reliance: Sell at Rs 2570, Stop loss Rs 2588, target Rs 2500
4) Sandeep Matta, Founder and Investment Advisor of TradeIT
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.
The above is prepared from the recommendations of analysts. Investing in stocks presents a risk of financial loss. Investors should therefore exercise caution. Greynium Information Technologies Pvt Ltd, the author and analysts are not responsible for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.