5 Stocks to Buy Today: September 23, 2021

Every morning our analysts scan through the markets universe and chose the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the best ones make it to the top 5 list. We also update on the performance of earlier recommendation every morning to help you with your trading journey. Read on to know the momentum stocks to buy today. The average holding period could be between 7-10 days on average.

List of 5 Stocks to Buy Today

1. Gujrat Alkalies (GUJALKALI)

Gujrat Alkalies Stock Details for Today: 

- Current Market Price: Rs.540

- Stop Loss: Rs.525

- Target 1: Rs.557

- Target 2: Rs.582

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts observe a strong volume in this stock.

2. Lined India (LINDEINDIA)

Linde India Stock Details for Today: 

- Current Market Price: Rs. 2,832

- Stop Loss: Rs. 2,772

- Target 1: Rs. 2,875

- Target 2: Rs. 2,950

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts observed breakout on the charts of this stock. 

3. Century Textiles (CENTURYTEX)

Century Textiles Stock Details for Today: 

- Current Market Price: Rs. 912

- Stop Loss: Rs. 892

- Target 1: Rs.935

- Target 2: Rs. 964

- Holding Period: 1 week

5paisa Recommendation: our technical experts expects further buying  in the stock.

4. Godrej Properties (GODREJPROP)

Godrej Properties Stock Details for Today: 

- Current Market Price: Rs. 1,951

- Stop Loss: Rs. 1,900

- Target 1: Rs. 2,015

- Target 2: Rs. 2,100

- Holding Period: 1 week

5paisa Recommendation: Our technical analysts have observed a positive momentum in this stock and this making this stock as one of the best stocks to buy today.

5. Balkrishna Industries (BALKRISIND)

Balkrishna Industries Stock Details for Today: 

- Current Market Price: Rs. 2,692

- Stop Loss: Rs. 2,640

- Target 1: Rs. 2,745

- Target 1: Rs. 2,815

- Holding Period: 1 week

5paisa Recommendation: Uptrend to be continued

Share Market Today

SGX NIFTY: 

SGX Nifty indicates positive opening for Indian markets. SGX Nifty is at 17,655.80 levels, higher 88.75 points. (Updated at 7:55 AM).

International Markets:

US Market:

US markets ended with gains as the Federal Reserve Chairman indicates tapering with timelines in line with market expectations.

Oversold indices bounce back as short-covering sees Dow Jones closed higher by over 330 points while Nasdaq gains 150 points. Bond yields closed near 1.30% while the US$ index also closed near 2-month highs at 93.46.

Asian Market:

Asian markets opened in the green led by the Hang Seng as ‘Evergrande' repays its interest due on Thursday with the next interest payout seemingly looking difficult.

The Japanese 'Nikkei' was closed today for a holiday while the South Korean 'Kospi' reopened after 3 days and saw minor cuts in early trade.

Disclaimer: The above report is compiled from information available on the public platforms.