Day Trading Guide for Friday: After showing a permanent upside bounce on Wednesday, the Indian stock market saw a sharp rise in Thursday’s session. NSE’s Nifty closed 234 points higher at 17,401 level while BSE Sensex closed 776 points higher at 58,461 level. The Bank Nifty index ended 143 points higher at 36,508. According to stock market experts, the current market pattern shows the strength of the bulls in a declining trend.
the day when the volume on NSE was higher than the previous day but lower than the recent average; Power, oil & gas and IT indices were the biggest gainers. BSE small-cap and mid-cap indices rose 1 per cent and 1.1 per cent, respectively.
day trading guide for nifty today
Intraday trading strategy unveiled for today’s trading session; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Thursday’s bullish momentum has strengthened the uptrend, which started with a low of 16,782. A decisive upside breakout of the 17,400 to 17,600 level of hurdles on NSE Nifty took place. That is likely to change. Short-term negative sentiment in the market. Any fall near the resistance bands may again trigger bears into action. Immediate support for NSE Nifty is currently around 17,300 to 17,250 levels.
day trading stocks for today
For today’s day trading stocks buy, stock market expert – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities, Ravi Singh, Research Head and Vice President, ShareIndia, Manoj Dalmiya, Founder and Director, Proficient Equities Limited and Partha Nyati, Founder, Tradingo, listed 9 stocks for purchase today.
Sumeet Bagadiya Day Trading Stocks
1]IndusInd Bank: Buy on CMP, Target 975 to 1000, stop loss 899
2]IDFC First Bank: Buy on CMP, Target 51, stop loss 44
Ravi Singhal’s Day Stock
3]Birlasoft: buy on 470, target 515, stop loss 455
Today’s Intraday Stock of Ravi Singh
4]Wipro: buy on 645, Target 655, stop loss 640
5]Maruti Suzuki India Limited or MSIL: buy on 7320, target 7450, stop loss 7270
Will buy shares of Manoj Dalmiya today
6]Texmo Pipes: buy on 68, target 75, stop loss 64.50
7]Gujarat Fluorochemicals: buy on 2301, Target 2488, stop loss 2238
Shares of Parth Nyati can be bought today
8]CDSL: Buy on CMP, Target 1625, stop loss 1499
9]Ace: buy on 218, target 225, stop loss 214.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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