Cracking the Market: Experts Unveil Secret Intraday Stock Picks with BIG Target Prices!

Market experts Kunal Bothra and Rupak De from LKP Securities have identified a selection of stocks poised for intraday trading today, November 12. Kunal Bothra has recommended buying Adani Ports with a target price of Rs 1550 and a stop loss at Rs 1420. He also suggests Tata Steel for intraday trading, setting a target of Rs 189 and a stop loss of Rs 177, and IRFC with a target of Rs 130 and a stop loss of Rs 117.

Rupak De of LKP Securities highlighted Bharat Forge, noting a positive breakout and setting a target of Rs 140 with a stop loss at Rs 1360. For Biocon, De sees potential for a rally to Rs 410 if Rs 370 is not breached, with a stop loss implicitly below that. Vodafone Idea shows a consolidation breakout on the weekly chart; a decisive move above Rs 11.10 could lead to a Rs 15 target, supported by Rs 9.50.

De also recommended BPCL with a target of Rs 405 and a stop loss of Rs 359, and Sun Pharma with a target of Rs 1770 and a stop loss of Rs 1677. For HDFC Life, the target is Rs 800 with a stop loss at Rs 744.

Stocks like Tata Power and Adani Enterprises were also mentioned, with analysis suggesting potential weakness or sluggishness unless certain resistance levels are overcome. Tata Power's structure is considered weak below Rs 395, and Adani Enterprises faces resistance at Rs 2400.

Impact: This news directly impacts Indian stock market investors and traders looking for short-term opportunities. The specific stock recommendations, target prices, and stop losses can influence intraday price movements and trading volumes for the mentioned companies. The recommendations from known market experts can also sway investor sentiment.

Definitions: Intraday Trading: Buying and selling financial instruments within the same trading day, aiming to profit from small price movements. Target Price: The price at which a stock analyst or investor expects the stock to reach within a specified timeframe. Stop Loss: An order placed with a broker to buy or sell a stock once it reaches a certain price, intended to limit an investor's loss on a security position.