Day Trading Guide for Friday: After showing a range bound action with sharp volatility on Wednesday, the Indian stock market continued with similar action on Thursday. NSE Nifty lost 17 points to close at 17,304 while BSE Sensex fell 104 points to close at 57,892 level. Nifty Bank index closed at 37,531, down 422 points. According to experts, the current pattern of Dalal Street is indicating heavy volatility in the markets.
Day Trading Guide: What do global signals indicate?
On Wall Street on Thursday, US stocks slipped with the S&P 500 posting its biggest daily percentage drop in two weeks. The Dow Jones closed down 1.78 per cent at 34,312, while the Nasdaq lost 2.88 per cent to close at 13,716.
Selling expected in the morning deals in the Indian stock market; Anuj Gupta, vice-president, IIFL Securities, said, “Geopolitical tensions between Washington and Russia over Ukraine slid US markets as investors moved into defensive zones and safe havens such as bonds and gold. Hence, Indian markets May open lower and continue to trade with higher volatility as seen yesterday.”
Asking intraday traders to keep an eye on SGX Nifty Live Index, Anuj Gupta of IIFL Securities said, “Today’s short range of SGX Nifty is 16,800 to 17,380 while SGX Nifty’s broad range is 16,580 to 17,700 levels. SGX has opened below Nifty. It is yesterday’s close, it is also indicating weakness in Indian markets in opening trades.”
day trading guide for stock market today
Today speaking on Day Trading Guide for Nifty; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Short term trend of Nifty remains volatile with higher volatility and similar momentum is expected today. Bulls back action in Nifty only with a permanent move above 17,650 level. An immediate support for NSE Nifty has been placed at 17,150 level.
Key level sharing for Nifty and Bank Nifty index; Sumeet Bagadiya, Executive Director, Choice Broking said, “Short range for Nifty today is 17,200 to 17,400 while the broader range for Nifty 50 index is 17,100 to 17,500. Similarly, the short intraday range for Nifty Bank index is 37,300 to 38,000 whereas The broad range banking index is 37,000 to 38,300.”
day trading stocks
Sharing Day Trading Stocks to Buy Today; Stock Market Expert – Sumeet Bagdia of Choice Broking; Anuj Gupta, IIFL Securities and Avinash Gorakshakar, Head of Research, Profitmart Securities have 6 buy recommendations on the stock.
Sumit Bagadiya trading stock today
1]Rec: Sell on CMP, Target 120, stop loss 130.50
2]Tata Consumers: Buy on CMP, Target from 740 750, stop loss 700
Anuj Gupta’s Day Trading Shares for Friday
3]Tata Power: buy speed on cmp, target 240, stop loss 220
4]HDFC Life: Buy on CMP, Target 630, stop loss 565
Avinash Gorakshakar stock today
5]Cummins India: Buy on CMP, Target 1035, stop loss 960.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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