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Best Shares to Buy Today : 6th October Friday

Nifty has crossed important resistance of 9,950 in the morning trade. Next immediate resistance may be placed at 9,970 and 9,980. Metal stocks have been shining on the bourses. Nifty Metal index is trading higher by 2.63% at 3,693 mark. Tata Steel is top gainer in the index trading higher by 3.95% at Rs 687.1 per share. SAIL, Hindalco, Jindal Steel and NALCO are also trading higher by more than 3%.

By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on which the market will look.

Future Retail / Shoppers Stop – Future Retail has announced to buy Hyper City. Future Retail has announced the deal for Rs 655 crore. The deal is expected to be completed in 3 to 5 months.

IDFC / Shriram Transport / IDFC Bank – Shriram Group and IDFC Group have extended negotiations on the deal for 1 month. Talks on merger deals of IDFC and Shriram Transport are in progress.

Sugar Companies – In October, only 40 percent of the sugar production target could remain. It is possible to produce only 3.5 lakh tonnes of sugar compared to 8 lakh tonnes. Most sugar mills will start crushing in the fourth week, instead of the first week of October.

JSW Energy / Adani Power / Tata Power – The power spot prices have risen to Rs 5.62 per kWh.

Best Shares to Buy Today : 6th October Friday

Gujarat Gas : Buy (for 1-2 days), Stoploss – Rs 882, Target – Rs 963

NTPC : Buy (for 1-2 days), Stoploss – Rs 168, Target – 176

Jubilant Food : Buy (For 1-2 days), Stoplaus – Rs. 1461, Target – 1554

Dalmia Bharat : Purchase (For IntraDate), Stoploss – 2724 RS, Target – 2820 RS