Day Trading Guide for Monday: After showing weakness higher than the 16,800 level on Thursday, Indian stock markets ended down for the third consecutive session on Friday as Russia refused to ease fears over the Ukraine conflict. The Nifty 50 index lost 252 points to end at 16,245, while the BSE Sensex fell 768 points to end at 54,333. Nifty Bank index lost 536 points to end at 34,407. According to secondary market experts, the current trading pattern indicates continuation of the declining trend on Dalal Street. He advised traders to identify topics and look for trading opportunities on both sides of the trade.
Day Trading Guide: What do global signals indicate
Weak opening expected on Monday; Anuj Gupta, Vice President, IIFL Securities said, “As the geopolitical tensions are not set to ease, both Dow Jones Futures and SGX Nifty Live indices are vulnerable to selloff. Hence, the Indian secondary market may open lower today.”
Anuj Gupta of IIFL Securities said that immediate support for SGX Nifty is placed at 15,800 while it is facing immediate resistance at 16,460 level.
day trading guide for stock market today
Today speaking on Day Trading Guide for Nifty; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “The formation of range movement at lower highs has ultimately resulted in a negative breakout. The overall chart pattern indicates further weakness for Nifty and registered a new swing low of around 15,800. Can be done. In next 1-2 weeks. Immediate resistance has been placed at 16,400 level on NSE Nifty.”
Sharing intraday trading strategy; Ruchit Jain, Lead Research, 5paisa.com said, “News coming from global geopolitical developments is likely to drive the market in the near future, but unless a reversal is seen, short term traders should be at the bottom. Refrain from fishing and stay light on positions. India VIX still high around 28, which needs to cool down again below 24 for some stability. A lot of thematic approaches were played out during the week, including banking And the financial space saw a deep cut due to short formations, while an upward move saw a sharp rise in metal stocks in base metals. It is important for traders to identify such topics and look for trading opportunities on both sides of the trade. Is.”
Important levels of Nifty and Bank Nifty unveiled today; Sumeet Bagadiya, Executive Director, Choice Broking said, “The broad range of Nifty 50 index today is 16,000 to 16,500 whereas for high risk traders, the short range of NSE Nifty will be 16,100 to 16,400. Similarly, today’s short for Bank Nifty The range would be 34,000 to 35,000 while the broader range would be 33,900 to 35,300 in the banking index.
day trading stocks
Share market experts share the stock market stocks to buy or sell today – Sumeet Bagdia of Choice Broking; Anuj Gupta, IIFL Securities and Avinash Gorakshakar, Research Head, Profitmart Securities recommend 5 stocks for intraday traders.
Sumit Bagadiya trading stock today
1]Indian Hotels: Sell on CMP, Target 180, stop loss 199
2]Tech Mahindra: Buy on CMP, Target 1500, stop loss 1420
Will buy intraday stock of Anuj Gupta today
3]Tata Teleservices (Maharashtra) Limited or TTML: Buy on CMP, Target 120, stop loss 90
4]Adani Wilmar Limited or AWL: Buy on CMP, Target 400. Stop Loss 330
Avinash Gorakshakar stock today
5]Bharat Electronics Limited or BEL: Buy at CMP, Target 225, stop loss 210.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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