5 Stocks to Buy Today: October 6, 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 6

1. Nazara Technologies (NAZARA)

Nazara Technologies Stock Details for Today: 

- Current Market Price: Rs.2,849

- Stop Loss: Rs. 2,430

- Target 1: Rs. 2,560

- Target 2: Rs. 2,655

- 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. MSTC LTD (MSTCLTD)

MSTC LTD Stock Details for Today: 

- Current Market Price: Rs. 331

- Stop Loss: Rs. 323

- Target 1: Rs. 340

- Target 2: Rs. 353

- Holding Period: 1 week

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

3. SBI LIFE (SBILIFE)

SBI LIFE Stock Details for Today: 

- Current Market Price: Rs. 1,262

- Stop Loss: Rs. 1,225

- Target 1: Rs.1,294

- Target 2: Rs. 1,330

- 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. INDUSIND BANK (INDUSINDBK)

INDUSIND BANK Stock Details for Today: 

- Current Market Price: Rs. 1,169

- Stop Loss: Rs. 1,134

- Target 1: Rs. 1,200

- Target 2: Rs. 1,240

- 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. Vinati Organics (VINATIORGA)

Vinati Organics Stock Details for Today: 

- Current Market Price: Rs. 2,024

- Stop Loss: Rs. 1,972

- Target 1: Rs. 2,070

- Target 1: Rs. 2,164

- 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 positive opening for Indian markets. SGX Nifty is at 17,789.80 levels, higher 74.75 points. (Updated at 7:46 AM).

International Markets:

US Market: US markets bounce back with Dow Jones closing higher by 300 points while Nasdaq gains 1.25% as it sees short covering from oversold levels.

The rotation of money from big technology stocks into energy and financials may continue in the short term which could see more volatility ahead. Bond yields rise to 1.54% even as the US$ index regains strength to hit 3-month highs at 94.07.

Asian Market: Asian markets opened in the red led by the Japanese 'Nikkei' which continues to struggle for direction as it trades lower by 200 points in early trade.

South Korea and Taiwan markets also struggle as technology stocks overhang in the US hurts sentiment in Asia. Chinese stocks have been on holiday for this week and could set the tone for Asian markets next week.

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