5 Stocks to Buy Today: October 4, 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 October 4

1. SBI Cards and Payment Services Ltd (SBICARD)

SBI Cards and Payment Services Stock Details for Today: 

- Current Market Price: Rs.1,047

- Stop Loss: Rs. 1,018

- Target 1: Rs. 1,075

- Target 2: Rs. 1,115

- Holding Period: One week

5paisa Recommendation: Our technical experts see end in sideways move of the stock hence making this stock best stock to buy.

2. AXIS Bank Ltd (AXISBANK)

AXIS Bank Stock Details for Today: 

- Current Market Price: Rs. 768

- Stop Loss: Rs. 754

- Target 1: Rs. 781

- Target 2: Rs. 795

- Holding Period: 1 week

5paisa Recommendation: Recovery on cards, thus recommending this stock as the best stock to buy today. 

3. KEI Industries Limited (KEI)

KEI Industries Stock Details for Today: 

- Current Market Price: Rs. 965

- Stop Loss: Rs. 939

- Target 1: Rs.994

- Target 2: Rs. 1,030

- Holding Period: 1 week

5paisa Recommendation: Our technical experts expects further buying in the stock and recommends buying this stock.

4. Angel Broking Ltd (ANGELBRKG)

Angel Broking Stock Details for Today: 

- Current Market Price: Rs. 1,439

- Stop Loss: Rs. 1,400

- Target 1: Rs. 1,488

- Target 2: Rs. 1,550

- Holding Period: 1 week

5paisa Recommendation: Positive momentum in stock is expected and thus making this stock as one of the best stocks to buy today.

5. Amber Enterprises India Ltd (AMBER)

Amber Enterprises Stock Details for Today: 

- Current Market Price: Rs. 3,440

- Stop Loss: Rs. 3,360

- Target 1: Rs. 3,515

- Target 1: Rs. 3,620

- Holding Period: 1 week

5paisa Recommendation: Our technical experts see strong volume in this stock hence making this stock best stock to buy.

Share Market Today

SGX NIFTY: 

SGX Nifty indicates a flat to positive opening for the index in India with a 29 points  gain at 8:43 am. SGX Nifty is at 17,555 levels.

International Markets:

Wall Street stocks surged to a higher close on Friday, entering the final quarter of 2021 in a buying mood boosted by positive economic data, progress in the battle against COVID, and Washington developments on the potential passage of an infrastructure bill.

The Dow Jones Industrial Average rose 482.54 points, or 1.43%, to 34,326.46 and the Nasdaq Composite added 118.12 points, or 0.82%, at 14,566.70.

Shares in Asia-Pacific were mixed in Monday morning trade after Merck announced its new Covid oral antiviral treatment that cuts the risk of hospitalization or death.

In Japan, the Nikkei 225 shed 0.57% while the Topix index dipped 0.24%. Australian stocks jumped, with the S&P/ASX 200 up 1.14%.

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