India VIX, a measure of volatility, was at 12.07, down 5.09% on Wednesday.
The overall market sentiment remains bullish on Thursday, and considering the current levels, traders are advised to initiate fresh long positions, Kunal Shah, LKP Securities said. A stop-loss can be set at 20,800, targeting potential upside levels of 21,400/21,500 in the near term, he adds.
We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Jayesh Bhanushali, Sr. Technical and Derivative Research Analyst told ETBureau
State Bank of India (SBI): Buy | Target: Rs 645 | Stop Loss: Rs 603 | Last Close: Rs 620
Hero MotoCorp: Buy | Target: Rs 4,000 | Stop Loss: Rs 3,760 | Last Close: Rs 3,863
JSW Energy: Buy | Target: Rs 472 | Stop Loss: Rs 442 | Last Close: Rs 456
Expert: Nooresh Merani, an independent technical analyst told ETNow
SBI: Buy | Target Rs 680 | Stop Loss Rs 605
Hero MotoCorp: Buy | Target Rs 3,800 | Stop Loss Rs 3,100
Expert: Kunal Bothra, Market Expert told ETNow
L&T Finance Holding: Buy | Target Rs 162 | Stop Loss Rs 152
SBI: Buy | Target Rs 660 | Stop Loss Rs 600
Clean Science and Technology: Buy | Target Rs 1,600 | Stop Loss Rs 1,445
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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)