Stocks to buy today: 6 short-term trading ideas by experts for 31 October

Indian benchmark indices opened with gains on Tuesday maintaining their two-session gaining spree led by gains in bank, auto and IT stocks.

The S&P BSE was trading at 64,252.97, up by 140.32 points or 0.22% while the broader Nifty50 stood at 19,179.60, gaining 38.70 points or 0.20%. Meanwhile, banking gauge Nifty Bank traded at 43,188.85, higher by 149.70 points or 0.35%.

Volatility was slightly higher on Tuesday from Monday closing as India VIX stood at 11.65, up 1.39%.

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

Expert: Dharmesh Shah, Head Technical at ICICI direct told ETBureau
UltraTech Cement: Buy | Target: Rs 8,750 | Stop Loss: Rs 8,178 | Last Close: Rs 8,394

IndusInd Bank: Buy | Target: Rs 1,524 | Stop Loss: Rs 1,415 | Last Close: Rs 1,455

Persistent Systems: Buy | Target: Rs 6,388 | Stop Loss: Rs 5,898 | Last Close: Rs 6,074

Expert: Nooresh Merani, an independent technical analyst told ETNow
ONGC: Buy | Target Rs 220 | Stop Loss Rs 184

Tata Power: Buy | Target Rs 255 | Stop Loss Rs 230

Satin Credit: Buy | Target Rs 270 | Stop Loss Rs 230

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

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