Buy or sell shares for today: Led by strong global market sentiments, the Indian stock market closed higher on Thursday with all the three major benchmark indices posting decent gains. The 50-stock index Nifty jumped 165 points and ended at a more than four-month high, while the 30-stock index Sensex climbed 555 points to close at 61,749. The Bank Nifty index climbed 372 points to close at 43,685. In the broader markets, both the small-cap and mid-cap indices ended higher with intraday gains of a little over 0.80 per cent.
intraday trading strategy for friday
Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher believes that Nifty has strong support at 18,050 level and the 50-stock index has crossed the important hurdle placed at 18,200 level. Prabhudas Lilladher expert further said that after the pull back rally on Thursday, various sectors have started showing strength. On stocks to buy today, Vaishali Parekh recommends three day trading stocks for today and those three intraday stocks are Reliance Industries Limited or RIL, Havells India And axis Bank,
On today’s outlook for Nifty, Vaishali Parekh said, “Nifty has once again maintained levels near 18,050 area, indicating strong support, and a good chance to cross the crucial hurdle of 18,200 area.” Seen a pullback, further upside is expected in coming days. Few days have started showing significant strength with key frontline stocks across sectors.”
“Bank Nifty is also gaining strength, has moved beyond 43,500 area quite convincingly and further upside is expected till 44,000 levels. With overall trend improving, we maintain a positive outlook and further May look for new stocks for profit,” Parekh said.
Parekh added that support for NSE smelly 61,300/18,100 (Sensex/Nifty), while resistance is seen at 62,200/18,400 (Sensex/Nifty). The daily range for Bank Nifty will be in the range of 43,000 to 44,300.
stocks to buy today
As mentioned above, Vaishali Parekh recommends three day trading stocks for todayHere we give complete information regarding who to buy or sell the stock:
1]Havells: buy on 1256, target 1310 stop loss 1230;
2]Axis Bank: buy on 865, target 920, stop loss 830; And
3]Reliance Industries Limited or RIL: buy on 2448, target 2600, stop loss 2400.
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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