Day Trading Guide for Friday: After showing decent gains in the last three sessions, the Indian stock market shifted into a choppy movement on Thursday and closed the day in negative territory. On the day of F&O expiry of March series, NSE Nifty fell 33 points to close at 17,464 level while BSE Sensex lost 115 points to close at 58,568 level. The Nifty Bank index closed 39 points higher at 36,373.
according to this Share Market According to experts, the current market pattern indicates a range-bound action in the market. He also added that a sharp sell-off was observed near the crucial upper resistance level of 17,500, which could be considered a positive sign for the bulls as this consolidation movement could result in an upside breakout of the barrier.
day trading guide for stock market today
Sharing intraday trading tips with regards to Nifty 50 Index; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Short term trend of Nifty is range bound and this consolidation or slight downward correction may continue for next 1-2 session and then show another round of upside bounce. NSE The immediate support for Nifty has been placed at the level of 17,350.
At important levels with respect to Nifty and Bank Nifty; Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “The broad range of NSE Nifty today is between 17,270 to 17,680 levels, while the short range of Nifty is between 17,350 to 17,600 levels. Similarly, the broad range of Nifty Bank index is in the range of 35,700 to 35,700 levels. 35,700. 36,850 while the short range of the 50-stock index is between 35,800 to 36,650 levels.
day trading stocks
Sharing the intraday stocks for today, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking; Avinash Gorakshakar, Profitmart Securities; Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers; Anuj Gupta, Vice President, IIFL Securities and Aastha Jain, Senior Research Analyst, Hem Securities give buy call to 8 stocks today.
Today trading shares of Sumeet Bagdia will be bought
1]Britannia Industries: Buy on CMP, Target 3300, stop loss 3140
2]Hindustan Copper: Buy on CMP, Target 120, stop loss 110
Avinash Gorakshakar stock today
3]Hindustan Unilever Ltd: Buy on CMP, Target 2120, stop loss 2010
Today’s Intraday Stock of Anuj Gupta
4]IDFC First Bank: Buy on CMP, Target 43, stop loss 36
5]Ashok Leyland: Buy on CMP, Target 124, stop loss 107
Will buy shares of Mehul Kothari today
6]Container Corporation of India or CONCOR: Buy on CMP, Target 705, stop loss 650
7]Balrampur Chini Mills: Momentum Procurement on CMP, Target 510, stop loss 475
Aastha Jain’s Today Stock Pick
8]Fineotex Chemicals: Buy on CMP, Target 175, target 205, stop loss 150.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
download
The app will get 14 days of unlimited access to Mint Premium absolutely free!