Day Trading Guide for Friday: The Indian stock market rose on Thursday after the selloff seen in the previous trading session. NSE Nifty closed 144 points higher at 17,790 while BSE Sensex ended 488 points higher at 59,677. Bank Nifty index closed 231 points higher at 37,753 level.
On the day when volumes on NSE were slightly above the recent average; Realty, consumer durables and auto indices were the biggest gainers, while oil and gas and telecom were the two indices that ended in the negative.
Trade View on NSE Nifty
Intraday trading strategy for Nifty unveiled; Deepak Jasani, Head of Retail Research, HDFC Securities said, “Nifty formed a Doji, which is appearing within the high/low range of the previous day. Hence, there is no predictive potential in this pattern as of Thursday. A breach of the higher level i.e. 17,858 may lead to further upside in the market. 17,641 may be support for Nifty in the near future.”
Speaking on what the market can expect from today’s RBI Monetary Policy Committee meeting; Arijit Malakar, Head Research (Retail) at Ashika Stock Broking Ltd said, “The central bank is likely to keep interest rates unchanged and may maintain an accommodative stance. Strong Q2FY22 business updates from corporates and banks of Corporate India in the second quarter. This indicates healthy earnings growth for the quarter which will help maintain premium valuations for the Indian markets in the times to come.”
day trading stocks to buy today
Sharing the list of intraday trading stocks for today, stock market experts — Sumeet Bagdia, Executive Director, Choice Broking; Dr Ravi Singh, Research Head and Vice President, Share India, and Manoj Dalmiya, Director and Founder, Proficient Equities Pvt Ltd gave buy advice on 5 shares today.
List of intraday trading stocks of Sumeet Bagdia
1]Escorts: Buy on CMP, Target ₹from 1550 ₹1570, stop loss ₹1475
2]Lemon Tree Hotel: buy speed on cmp, target ₹55 to ₹60, stop loss ₹47
Will buy shares of Ravi Singh today
3]ICICI Bank: buy around ₹702, target ₹715, stop loss ₹695
4]Hindalco Industries: buy on ₹477, target ₹488, stop loss ₹474
Today Stock of Manoj Dalmiya
5]Aban Offshore: buy on ₹54, target ₹61, stop loss ₹51.50.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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