The Indian market is expected to witness a consolidated trend on Tuesday, influenced by mixed global cues that have left investors with a sense of uncertainty. As per the latest data, Nifty futures closed with a gain of 0.35% at 24,993 levels on Monday, providing some respite to traders.
Despite the mixed cues, experts remain optimistic and have recommended various stocks for short-term trading. This list of top 10 trading ideas for 10 September 2024 includes some of the biggest names in the industry, such as Britannia Industries, Havells India, and Dabur India, among others.
Options data suggests a broader trading range between 24,500 to 25,400 zones, indicating that the market is likely to remain volatile in the coming days. However, with the right trading strategies, this volatility can be turned into an opportunity for traders to make some quick gains.
IRCTC and ONGC are two of the top stocks that experts are betting on today. Both of these stocks have shown significant strength in the past few days and are expected to continue their upward trend. IRCTC, in particular, has been on a roll, with the stock price increasing by over 10% in the past week alone.
Havells India is another stock that experts are recommending for short-term trading. The company has been performing exceptionally well in the past few quarters, and its stock price has increased by over 50% in the past year alone. With the company's strong fundamentals and promising growth prospects, Havells India is definitely a stock to watch out for.
Dabur India is yet another stock that experts are betting on today. The company has been a leader in the FMCG sector for decades and has a strong track record of delivering consistent growth. With the company's robust product portfolio and expanding distribution network, Dabur India is well-positioned to take advantage of the growing demand for consumer goods in the country.
Other stocks that experts are recommending for short-term trading include ICICI Bank, SBI, and Tata Steel. All of these stocks have shown significant strength in the past few days and are expected to continue their upward trend.
In conclusion, while the Indian market is expected to consolidate today, there are several stocks that are expected to outperform the broader market. With the right trading strategies and a bit of luck, traders can make some quick gains by investing in these stocks. However, it is essential to keep in mind that the market is highly volatile, and traders should always do their own research before making any investment decisions.