Stocks to Buy Today
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Every morning our analysts scan through the markets universe and choose one of the best momentum stocks to buy today. The stocks are recommended from a wider list of momentum stocks and only the preferred ones make it to the leading 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.
5 Stocks to Buy or Sell on 31-May-2024
1. DIXON: ON THE VERGE OF BREAKOUT
5paisa Recommendation: On the daily timeframe, the stock is on the verge of bullish breakout with higher highs & higher lows formation.
Dixon Technologies Share Price Target for Today:
● Action: BUY
● Buy: ₹9310
● Stop Loss: ₹9125
● Target 1: ₹9495
● Target 2: ₹9680
● Holding Period: 1 week
2. SUNTV: CONSOLIDATION BREAKOUT EXPECTED
5paisa Recommendation: On the daily chart, the stock has been consolidating near to the neckline for the fresh breakout. The higher volume witnessed with the positive price action that supports the bullish momentum for the near term.
SUNTV Share Price Target for Today:
● Action: BUY
● Buy: ₹670
● Stop Loss: ₹648
● Target 1: ₹693
● Target 2: ₹715
● Holding Period: 1 week
3. TITAN FUT: BEARISH PATTERN FORMATION
5paisa Recommendation: The stock has been forming Head & Shoulder pattern on the daily chart that suggest downward momentum in the stock. Moreover, the price has been moving below 50-Days SMA.
TITAN FUT Price Target for Today:
● Action: Sell
● Buy: ₹3305
● Stop Loss: ₹3405
● Target 1: ₹3200
● Target 2: ₹3120
● Holding Period: 1 week
4. BERGERPAINT FUT: BEARISH MOMENTUM
5paisa Recommendation: The stock is in bearish momentum and trading below its 21-DEMA with lower highs & lower low formation that indicates further weakness in the stock.
BERGERPAINT FUT Price Target for Today:
● Action: Sell
● Buy: ₹481
● Stop Loss: ₹500
● Target 1: ₹460
● Target 2: ₹442
● Holding Period: 1 week
5. MFSL FUT: SUPPORT BREAKDOWN
5paisa Recommendation: On the daily chart, the stock has breached the support of 940 levels and sustained below it with falling volume activity. RSI has also shifted below 50 with negative crossover.
MFSL FUT Price Target for Today:
● Action: Sell
● Buy: ₹930
● Stop Loss: ₹963
● Target 1: ₹897
● Target 2: ₹865
● Holding Period: 1 week
Also check Stocks in News Today
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7694.80 | 75.1 (0.99%) |
| CAC 40 | 7992.87 | 14.36 (0.18%) |
| DAX | 18497.94 | 1.15 (0.01%) |
| Dow Jones | 38300.57 | 189.09 (0.5%) |
| FTSE 100 | 8275.38 | 44.33 (0.54%) |
| Hang Seng | 18079.62 | -150.58 (-0.83%) |
| US Tech Composite | 16528.18 | -213.9 (-1.28%) |
| Nikkei 225 | 38487.83 | 433.77 (1.14%) |
| S&P 500 | 5212.83 | -22.65 (-0.43%) |
| Gift Nifty | 22693.00 | -17 (-0.07%) |
| Shanghai Composite | 3086.81 | -4.87 (-0.16%) |
| Taiwan Weighted | 21174.22 | -190.26 (-0.89%) |
| US 30 | 38299.30 | 233.1 (0.61%) |
High Performing Stocks Yesterday
| Stock Name | % Return |
|---|---|
| No Call | - |
Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Frequently Asked Questions
To choose the best stocks to buy today, follow these tips:
1. Understand the business by doing your research. Analysing the fundamentals and technical aspects of a stock and understanding a business' prospects can help determine its fair value and ensure its alignment with your plans.
2. Building your portfolio requires a combination of quantitative and qualitative analysis. As a result, you can develop a strategy that works for you.
3. Make investment decisions without emotion. You should avoid buying a stock just because it's hyped or selling it just because it's most wanted.
4. Diversifying your portfolio will spread your risks.
The above tips will help you choose the best stocks to buy today. Invest Now
To invest in the best stocks to buy today using 5paisa, follow these steps:
1. Install the 5paisa app on your device
2. Use your customer ID and password and log into the app
3. Use the 'Pay-in' button to transfer funds to your trading account
4. Do your research to find the stocks to buy today
5. Search for desired best stocks to buy today
6. Make a purchase order
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