Buy or sell shares for today: Following the positive global market sentiments, the Indian stock market closed higher in all the five sessions last week. Both Nifty and Bank Nifty indices gave inverse shoulder breakouts last week, extending their rally for the fifth straight session. However, in the weekend session, the broader market indices outperformed major benchmark indices as the small-cap index rose 0.91 per cent, while the mid-cap index gained 1.32 per cent.
In Friday’s session, the NSE Nifty closed 149 points higher at 18,065, while the 30-stock index Sensex climbed 463 points to close at 61,112. The Bank Nifty index closed 233 points north at 43,233. The advance-decline ratio remained positive at 2.08:1.
intraday trading tips by vaishali parekh
Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher believes smelly Is in an uptrend and the next upside target on Nifty 50 index is 18,200. Prabhudas Lilladher further said that Nifty today is supported by RIL, L&T, ICICI Bank, ITC, SBI, Bharti Airtel and many other frontline stocks which can help the index to move further higher. But day trading stocks for todayVaishali Parekh recommends three stocks to buy today – Can Fin Homes, Pidilite Industries And Castrol India,
on outlook for nifty todayVaishali Parekh said, “Nifty moved strongly to move above 18000 area with strong positive bias and as said earlier, with 17800 level as an important important support area for next near term support around 18200 level.” The target is expected to be achieved.The index is well supported by most of the frontline stocks like RIL, L&T. ICICI BankITC, SBI, Bharti Airtel and many more which can help the index to move higher in days to come.”
“Bank Nifty also moves up further as important 43000 zone and most frontline banking stocks are well placed, it is anticipated to move up further. Technically, there is a hurdle near 43400 zone which if crossed decisively If it does, it may trigger further upside,” Parekh said. “Support for the day is seen at 17900 levels while resistance is seen at 18200 levels. Bank Nifty is expected to trade at 42800-43700 levels. There will be a daily limit.”
day trading stocks to buy today
As mentioned above, Vaishali Parekh has recommended three stocks to buy today, here we take a look at them. intraday stock,
1]Can Fin Homes: buy on 616, target 640, stop loss 605;
2]Pidilite Industries: buy on 2419, target 2500, stop loss 2380; And
3]Castrol India: buy on 119, Lakshya 124, stop loss 117.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.
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