Stocks to buy or sell today: 10 short-term trading ideas by experts for 24 February 2023

Indian market opened higher on Friday following positive global cues. S&P BSE Sensex was up over 200 points in early trade while the Nifty 50 was above the 17,550 level.

Sectorally, buying was seen in banks, financials, auto, pharma, IT, and FMCG stocks while some selling was visible in metal and media stocks.

Brent crude futures rose 67 cents, or 0.81%, to $82.88 per barrel. West Texas Intermediate crude futures (WTI) rose 63 cents, or 0.84%, to $76.02 a barrel. (Also Read: Oil gains on Russian supply cut worries, but higher U.S. inventories weigh)

We have collated stocks from various experts for traders who have a short-term trading horizon:

Expert: Shrikant Chauhan, Head of Equity Research, Kotak Securities told ETBureau
Bajaj Finance: Buy | Target: Rs 6,385| Stop Loss: Rs 6,115
The counter formed a long leg Doji candle which indicates a strong possibility of a fresh uptrend rally.

BPCL: Buy | Target Rs 330 | Stop Loss Rs 316.20
The stock’s momentum indicators suggest oversold conditions, with high chances of a quick pullback rally.

Siemens: Buy| Target: Rs 3,350| Stop Loss: Rs 3,220
Post 3,100 breakout the stock consistently held higher high and higher low series formations.

M&M Finance: Buy| Target Rs 265| Stop Loss Rs 252.5
After a short-term correction, the stock took support near its 20-day SMA and reversed.

Expert: Kunal Bothra, Market Expert told ETNow
Indian Hotel: Buy| Target Rs 320| Stop Loss Rs 302
Bajaj Finance: Buy| Target Rs 6,400| Stop Loss Rs 6,160
IndiaMART: Buy| Target Rs 5,000| Stop Loss Rs 4,700

Expert: Nooresh Merani, an independent technical analyst told ETNow
HDFC Bank: Buy| Target: Rs 1,750| Stop Loss: Rs 1,560
SBI: Buy| Target: Rs 550| Stop Loss: Rs 510
Wonderla: Buy | Target: Rs 500| Stop Loss: Rs 420

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)