Stocks To Buy Today: ONGC, Canara Bank, IGPL And More

The banking sector continues to dominate the show with ICICI Bank registering the new highs on Monday following the robust earnings quarterly.

The Asian Markets started Tuesday on a positive note as the major indices were trading in the green on the early hours?on Monday. Japanese Nikkei 225 was up 500 points to 29,100, while Shanghai Composite Index was trading?flat?with 4 points gain?at 3613.??The?Asia Dow Index USD was also trading half a per cent above at 3946.?

Here are stocks that analysts suggest to watch out for today, as per Mint repot.

Sumeet Bagadia, Executive Director at Choice Broking

ONGC: Buy ONGC, Stop Loss 155, Target 170

Canara Bank: Buy Can Bank, Stop Loss?Rs 195, Target 210-215

Mudit Goel, Senior Research Analyst at SMC Global Securities

City Union Bank: Buy CUB, Target?Rs 183, Stop Loss?Rs 173

Ravi Singhal, Vice chairman, GCL securities Limited

ONGC: Buy at?Rs 161, Target?Rs 170, Stop Loss?Rs 157

Ravi Singh, Head of Research & Vice President, ShareIndia

ONGC: Buy at?RS 160, Target?Rs 168, Stop Loss?Rs 158

IGPL: Buy at?Rs 850, Target?Rs 880, Stop Loss?Rs 840

Manoj Dalmia, Founder, and Director- Proficient Equities Limited

Bank of Baroda: Buy at?Rs 96.50, Target?Rs 102, Stop Loss?rs 94

Also, today, a lot of companies are expecting their quarterly results that could impact their share price. These companies include ABB, Ambuja Cement, Axis Bank, Bajaj Finance, BirlaSoft, Canara Bank, Central Bank, Cipla, Gati, Greaves Cotton, Hikal Chemicals, IRB, Kotak Bank, Mahindra Lifespace, Mahanagar Gas, MRPL, Persistent Systems, Torrent Pharma and Zensar Technologies.

Meanwhile, expressing views on Nifty, Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “The short term trend of Nifty is range bound with minor positive bias. Having slowed down of downside momentum and placed at the crucial supports, one may expect chances of upside bounce from the lower levels.”

Any failure to sustain the upside bounce or a decisive move below 17950-17900 levels could extend sharp weakness for the short term. A confirmation of upside reversal by positive close could open an upside bounce in the market, he said.