Stocks to buy today, October 7: Stock market may be headed for a negative start on Friday, October 7, tracking weak global cues. At 8:15 am, SGX Nifty was down by over 30 points, indicating a negative opening for the Indian stock markets. Earlier on Thursday, Sensex had advanced 156 points or 0.27 per cent to settle at 58,222.10 while the Nifty gained 57.50 points or 0.33 per cent to end at 17,331.80. Foreign institutional investors were net buyers as they bought shares worth Rs 279.01 crore on Thursday, according to data available with BSE.
Meanwhile, other Asian markets including Japan’s Nikkei 225 was down by over 139 points or nearly 0.51% in early trade while the Korea Composite Stock Price Index or KOSPI Index declined by 0.30%. The Hang Seng index too was down 172 points or 0.95% in the opening trade .
Stocks to buy today, October 7:
Stocks recommended by Kushal Gupta
CASH KA SHARE
KALYAN JEWELLERS – BUY – Rs 105, Stop Loss – Rs 97
FUTURES
MARUTI SUZUKI – BUY – Rs 8970, Stop Loss – Rs 8610
OPTIONS
TATA MOTORS 415 Put Option Buy – 16.5 , Target – 26, Stop Loss – 12
TECHNO
BIOCON FUT – SELL – Rs 282, Stop Loss – Rs 295
FUNDAMENTALS
HERO MOTOCORP – BUY – Rs 2720, Stop Loss – Rs 2610
INVESTMENT
POLYCAB INDIA – BUY – Rs 3040, duration 4 months
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NEWS KE DUM PAR
DATAMATICS – BUY – Rs 325, Stop Loss – Rs 308
MY CHOICE
NTPC – BUY – Rs 167, Stop Loss – Rs 160
CRISIL – BUY – Rs 3320, Stop Loss – 3180
TORRENT PHARMA FUT SELL Target Rs – 1550, Stop Loss – Rs 1630
BEST PICK
POLYCAB INDIA – BUY – Rs 3040, duration 4 months
Stocks recommended by Ashish Chaturvedi
CASH KA STOCK
BUY INDIAN HUME TARGET Rs 166, Stop Loss – Rs 160
FUTURES
BUY TITAN TARGET Rs 2634, Stop Loss – Rs 2550
OPTIONS
BUY NMDC 135 Call Option – Target 5.70, Stop Loss – 3
TECHNOLOGY
BUY TEJAS Net Target Rs 850, duration 6 months
FUNDAMENTAL
BUY EQUITAS SFB TARGET Rs 52, Stop Loss – Rs 49.50
INVEST STOCK
BUY 3M INDIA TARGET 30000 duration 12 months
STOCK IN NEWS
BUY ASHIANA TARGET 168, Stop Loss – Rs 160
MY CHOICE
BUY HEALTHCARE GLOBAL TARGET 310 SL 295
BUY GO FASHIONS TARGET 1460 SL 1385
BUY DEEPAK FERT TARGET 950 SL 920
MY BEST
BUY TEJAS NET TARGET 850 DURATION 6 MONTHS