5 Stocks to Buy Today: October 5, 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 5

1. Gujrat Narmada (GNFC)

GNFC Stock Details for Today: 

- Current Market Price: Rs.449

- Stop Loss: Rs. 438

- Target 1: Rs. 461

- Target 2: Rs. 475

- 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. GSFC (GSFC)

GSFC Stock Details for Today: 

- Current Market Price: Rs. 134

- Stop Loss: Rs. 131

- Target 1: Rs. 137

- Target 2: Rs. 142

- Holding Period: 1 week

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

3. Aarti Industries Limited (AARTIIND)

KEI Industries Stock Details for Today: 

- Current Market Price: Rs. 1,021

- Stop Loss: Rs. 995

- Target 1: Rs.1,060

- Target 2: Rs. 1,095

- 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.

4. Deepak Nitrate (DEEPAKNTR)

Deepak Nitrate Stock Details for Today: 

- Current Market Price: Rs. 2,592

- Stop Loss: Rs. 2,530

- Target 1: Rs. 2,680

- Target 2: Rs. 2,765

- 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. Indian Railway (IRCTC)

IRCTC Stock Details for Today: 

- Current Market Price: Rs. 4,009

- Stop Loss: Rs. 3,900

- Target 1: Rs. 4,120

- Target 1: Rs. 4,246

- 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 negative opening for Indian markets. SGX Nifty is at 17,593.50 levels, lower 121.50 points. (Updated at 7:50 AM).

International Markets:

US Market: US markets start the week on a weak note as stocks sell-off with global cues turning bearish.

The near-term default of ‘Evergrande' saw Hong Kong shares index close lower by 14% YTD, which saw a ripple effect in US indices with inflation scare coupled with early tapering sending Dow Jones lower by nearly 400 points while Nasdaq closed 6% off from recent highs.

Asian Market: Asian markets opened weak with the Japanese 'Nikkei' trading lower by 850 points in early trade even as Chinese markets remain closed this week for holidays.

South Korean 'Kospi' index re-opened after Monday's holiday and saw selling pressure trading lower by over 2%. The sharp run-up in equities will see further profit booking as higher yields in near term will see money exit stocks and re-enter bonds.
 

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