Stocks to buy today: 5 short-term trading ideas by experts for 12 January 2023

Indian market is likely to trade higher on Thursday tracking stable global cues.The S&P BSE Sensex rose nearly 100 points while the Nifty50 climbed 17900 in the first 15 minutes of trade on Thursday.India VIX was down by 0.48% from 15.51 to 15.43 levels on Wednesday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume.On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18100 strikes while the maximum Put OI is placed at 17700 and then towards 17900 strikes.“Option data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.Nifty50 formed a small-bodied Bearish candle on the daily scale on Wednesday with long shadows. “As long as the Nifty holds below 18018 zones, weakness could be seen towards 17820 and 17777 zones whereas hurdles are placed at 18018 and 18081 zones,” he said.We have collated stocks from various experts for traders who have a short-term trading horizon:Expert: Jayesh Bhanushali, Sr Derivatives &Technical Research Analyst, IIFL told ETBureauHindalco: Buy| Target Rs 510| Stop Loss Rs 474The stock has given a short-term breakout.Siemens: Buy| Target Rs 3100| Stop Loss Rs 2810The stock has given a short-term breakout.Rategain Travel Tech: Buy| Target Rs 349| Stop Loss Rs 322The stock has given a consolidation breakoutExpert: Nooresh Merani, an independent technical analyst told ETNowHindalco: Buy| Target Rs 540| Stop Loss Rs 480M&M: Buy| Target Rs 1450| Stop Loss Rs 1260(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Stocks to buy today: 5 short-term trading ideas by experts for 12 January 2023
Indian market is likely to trade higher on Thursday tracking stable global cues.The S&P BSE Sensex rose nearly 100 points while the Nifty50 climbed 17900 in the first 15 minutes of trade on Thursday.India VIX was down by 0.48% from 15.51 to 15.43 levels on Wednesday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume.On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18100 strikes while the maximum Put OI is placed at 17700 and then towards 17900 strikes.“Option data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.Nifty50 formed a small-bodied Bearish candle on the daily scale on Wednesday with long shadows. “As long as the Nifty holds below 18018 zones, weakness could be seen towards 17820 and 17777 zones whereas hurdles are placed at 18018 and 18081 zones,” he said.We have collated stocks from various experts for traders who have a short-term trading horizon:Expert: Jayesh Bhanushali, Sr Derivatives &Technical Research Analyst, IIFL told ETBureauHindalco: Buy| Target Rs 510| Stop Loss Rs 474The stock has given a short-term breakout.Siemens: Buy| Target Rs 3100| Stop Loss Rs 2810The stock has given a short-term breakout.Rategain Travel Tech: Buy| Target Rs 349| Stop Loss Rs 322The stock has given a consolidation breakoutExpert: Nooresh Merani, an independent technical analyst told ETNowHindalco: Buy| Target Rs 540| Stop Loss Rs 480M&M: Buy| Target Rs 1450| Stop Loss Rs 1260(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)