5 Stocks to Buy Today: October 8, 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 8

1. Godrej Properties (GODREJPROP)

Godrej Properties Stock Details for Today: 

- Current Market Price: Rs. 2,477

- Stop Loss: Rs. 2,420

- Target 1: Rs. 2,540

- Target 2: Rs. 2,625

- 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. Apcotex Industries (APCOTEXIND)

Apcotex Industries Stock Details for Today: 

- Current Market Price: Rs. 446

- Stop Loss: Rs. 435

- Target 1: Rs. 459

- Target 2: Rs. 475

- Holding Period: 1 week

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

3. Tata Motors (TATAMOTORS)

Tata Motors Stock Details for Today: 

- Current Market Price: Rs. 377

- Stop Loss: Rs. 368

- Target 1: Rs. 387

- Target 2: Rs. 405

- 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. Multi Commodity (MCX)

Multi Commodity Stock Details for Today: 

- Current Market Price: Rs. 1,820

- Stop Loss: Rs. 1,770

- Target 1: Rs. 1,874

- Target 2: Rs. 1,936

- 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. Sobha Ltd (SOBHA)

Sobha Ltd Stock Details for Today: 

- Current Market Price: Rs. 885

- Stop Loss: Rs. 863

- Target 1: Rs. 905

- Target 1: Rs. 934

- 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 17,850.20 levels, higher 239.20 points. (Updated at 7:50 AM).

International Markets:

US Market: US markets rise as debt ceiling gets passed by Capital hill which sees stocks move higher.

Dow Jones closed up 340 points while Nasdaq ends with gains of 150 points.

Bond yields rise in tandem to 6-month highs at 1.58 while the US $ index also closed unchanged at 94.23.

Asian Market: Asian markets opened in the green led by the Japanese ‘Nikkei’ which was higher by over 550 points in early trade as bulls called the shots in most Asian markets over the last 2 days.

Chinese stocks will open today after the long holidays and could see effects of 'Evergrande' defaults play out on banks while excellent global cues mitigate the weakness.

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