Wednesday's day trading guide: 6 stocks to buy or sell today - 19th January

  • Jan. 19, 2022, 12:39 p.m.

On Tuesday, the NSE Nifty 50 index declined over 1% to 18,113 and the BSE Sensex fell 0.9% to 60,754.86 after touching near three-month highs earlier in the session. The Nifty 50 index fell the most in a month. Investors' wealth tumbled by more than 3.78 lakh crore as equities faced heavy selling pressure following weak global trends.

As many as 43 Nifty stocks closed with losses while six advanced. Maruti was the top loser in the Sensex pack, followed by Tech Mahindra, HCL Tech, Tata Steel, IndusInd Bank, and L & T. On the other hand, Axis Bank, HDFC Bank, ICICI Bank, Kotak Bank, Dr Reddy’s, Titan and Nestle India were leading the gainers pack. 

However, the Nifty and Sensex have made a strong start to 2022, rising more than 10% from the lows hit in December.

Meanwhile, the SGX Nifty indicates a choppy start to the Indian stock markets today. The Singapore Nifty (SGX Nifty) is the Indian Nifty that is traded on the Singapore Stock Exchange and is considered to be the first indication of the Indian markets' opening.

Stocks to buy or sell today (19th January) as recommended by analysts

Sumeet Bagadia, Executive Director at Choice Broking

Sell Biocon, target ₹340-335, stop loss 360.

Raymond: Buy Raymond at ₹750, target 800, stop loss 725

IOC: Buy IOC at ₹122, target 130, stop loss 118

Avinash Gorakshkar, Head of Research at Profitmart Securities

Kotak Mahindra Bank: Buy Kotak Bank at ₹1,942, target 1985, stop loss 1920 

Godrej Consumer Products: Buy GODREJCP at ₹929, target 975, stop loss 910

Buy Kotak Bank, target ₹2000-2050, stop loss 1890

Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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