Day Trading Guide: Major benchmark indices Sensex and Nifty closed in positive territory for the second consecutive session on Thursday. NSE Nifty closed 287 points north at 16,929 level while BSE Sensex closed 1041 points higher at 56,857 level. The Nifty Bank index rose 594 points to end at 37,378. The broader market remained weak in the mid-cap and small-cap indices as compared to the major benchmark indices. Volumes were higher than the recent average on the NSE on the day of weekly derivatives expiry but the forward downside ratio was positive (at 1.50) not encouraging.
Stock market today: SGX Nifty signs of strong opening
According to Share Market According to experts, after the fall in US GDP figures for the second consecutive quarter, Indian markets may have a positive start today. He said that a long bull candle was formed on the daily chart with a gap up opening, which shows the bullish momentum in the market. Nifty saw an upward breakout above the crucial overhead resistance (resistance as conceptualized in change in polarity) of 16800 level and is now trading higher.
“Short term trend of Nifty has turned sharply upwards. As per the theory of upside breakout of critical resistance, positive chart patterns like opening gap and higher tops and bottoms are all indicating further upside for the market. Next upside is Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Target to watch around 17500 level. Immediate support is placed at the level of 16800-16750.”
“Indian markets may have a strong start today as SGX Nifty rises above 170 points after falling US GDP data for the second straight quarter. This bodes well for emerging markets as weak US GDP numbers will put pressure on the rising dollar index. IIFL We can now expect FIIs to put the brakes on their sell-offs and become net buyers, said Anuj Gupta, Vice President – Research at Securities. He added that a weaker dollar is expected to support the Indian economy as there are fears of a slowdown in the US economy. In view of this, FIIs and FPIs can look at India as an investment hub.
day trading stocks
Sharing the intraday stocks for today, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking, Anuj Gupta of IIFL Securities and Mehul Kothari, Technical Research at ABP – Anand Rathi – recommended 6 stocks to buy today. Of.
Today’s Intraday Stock of Sumeet Bagadiya
1]TVS Motor: Buy it on CMP, Target from 900 910, stop loss 840
2]Vedanta: Buy on CMP, Target from 255 260, stop loss 235
Anuj Gupta’s day trading shares will be bought today
3]ITC: buy momentum on CMP, target 320, stop loss 288
4]Axis Bank: Buy on CMP, Target 760, stop loss 698
Buying in the shares of Mehul Kothari today
5]InterGlobe Aviation or Indigo: Buy Nearby 1846, Target 1900, stop loss 1815
6]Berger Paints: Buy Nearby 617, target 640, stop loss 600.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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