Sectorally, selling pressure was seen in metals, banks, IT, oil & gas, and energy stocks while some buying was visible in consumer durables, auto, and telecom stocks.
The Indian rupee on Friday hit a fresh record low of 82.22 against the US dollar.
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We have collated stocks from various experts for traders who have a short-term trading horizon:
Expert: Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities told ETBureau
: Buy| Target Rs 322| Stop Loss Rs 306
The stock formed a rounding bottom chart formation on intraday charts. It looks like the counter is gaining traction for an up move.
: Buy| Target Rs 8960| Stop Loss Rs 8570
The stock formed an inverted Hammer candlestick pattern near important support zone which indicates trend reversal in the coming sessions.
: Buy| Target Rs 467| Stop Loss Rs 445
The stock is trading into a rising channel pattern with a higher-high and higher-low formation
: Sell| Target Rs 3230| Stop Loss Rs 3380
The stock has failed to sustain above the short-term moving averages, which indicates further downward momentum.
Expert: Kunal Bothra, Market Expert told ETNow
: Buy| Target Rs 87| Stop Loss Rs 78
: Buy| Target Rs 3750| Stop Loss Rs 3450
: Buy| Target Rs 160| Stop Loss Rs 145
Expert: Nooresh Merani, an independent technical analyst told ETNow
: Buy| Target Rs 1900| Stop Loss Rs1650
: Buy| Target Rs 700| Stop Loss Rs 628
: Buy| Target Rs 500| Stop Loss Rs 425
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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