Day Trading Guide for Friday: After showing a sharp jump in the past few sessions, the Indian stock market moved into a consolidation in Thursday’s session. NSE Nifty 50 closed 47 points higher at 17,516 level while BSE Sensex ended 157 points higher at 58,807 level. According to stock market experts, these patterns indicate the possibility of a slight downside or consolidation in the coming session.
The day when the volumes on NSE were in line with the recent average; Capital goods, telecom and FMCG indices were the biggest gainers, while banks and consumer durables were the biggest losers. The BSE Smallcap index rose 0.80 per cent and the BSE Midcap index rose 0.38 per cent.
day trading guide for nifty today
Intraday trading tips for today’s session unveiled; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Short term uptrend of Nifty continues. Some more consolidation or minor weakness is likely on NSE Nifty in next 1-2 sessions before any decisive upside breakout of hurdle is visible. Soon at 17,550 to 17,600 level. Immediate support for NSE Nifty is placed at 17,380 level.
day trading stocks to buy today
List of Days to trade stocks for today’s trading session, Stock market expert – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities, Ravi Singh, Vice President Research & Research at ShareIndia and Manoj Dalmiya, Founder and Director, Proficient Equities Ltd, made 6 buy or sell recommendations today.
Sumeet Bagadiya Day Trading Stock
1]Pidilite Industries: Buy on CMP, Target from 2320 2350, stop loss 2210
2]IRCON International: Buy on CMP, Target 54, stop loss 44
Ravi Singhal’s Day Stock
3]Kotak Mahindra Bank: Sell on CMP, Target from 1877 1844, stop loss 1931
Ravi Singh’s today trading stock
4]TVS Motor: buy on 684, target 705, stop loss 675
5]Indian Energy Exchange or IEX: buy on 268, target 285, stop loss 265
Manoj Dalmiya’s day trading stock buying
6]Gravita India: buy on 237, target 249, stop loss 232
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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