Sectorally, buying was seen in telecom, realty, FMCG, metal and autos while some selling was visible in IT, consumer durables, and banking stocks.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Gaurav Ratnaparkhi, Head Technical Research, Sharekhan by to ETBureau
MindTree: Buy| Target Rs 3270-3350| Stop Loss Rs 3050
The stock has given a breakout from a multi-week base triangle formation. The daily momentum indicators are also on a new upside cycle.
MCX: Buy| Target Rs 1450-1500| Stop Loss Rs 1360
The stock broke out from a couple of falling trendlines. Also, it surpassed a crucial swing high on the daily chart which is a positive sign for the bulls.
Expert: Nooresh Merani, independent technical analyst told ETNow
Buy or Sell: Stock ideas by experts for July 21, 2022
ET Now spoke to various experts and here’s what they have to recommend for today’s trading session. Kunal Bothra has a buy/sell recommendation on L&T and SBI while Nooresh Merani has buy/sell recommendation on Hero Moto and Piramal Enterprises for today’s trading session. Check out the targets and stoploss.
Hero MotoCorp: Buy| Target Rs 3200| Stop Loss Rs 2750
Piramal Enterprises: Buy| 1900| Stop Loss Rs 1730
Expert: Kunal Bothra, Market Expert told ETNow
L&T: Buy| Target Rs 1800| Stop Loss Rs 1700
SBI: Buy| Target Rs 530| Stop Loss Rs 499
Expert: Sanjiv Bhasin, Director,
ICICI Bank: Buy| Target Rs 810| Stop Loss Rs 756
Aarti Industries: Buy| Target Rs 775| Stop Loss Rs 718
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)