Day Trading Guide for Monday: After showing volatility in the past few sessions, the Nifty 50 index saw an excellent upside breakout at 17,550 levels at the close of Friday and ended the day higher by 205 points at 17,670 levels. The BSE Sensex closed 708 points higher at 59,276 while the Nifty Bank index closed 774 points higher at 37,148.
according to this Share Market According to experts, a long ‘bull candle’ was formed on the daily chart, indicating an upside breakout. This is a positive sign and further upside can be expected in the near term.
day trading guide for stock market today
to speak on intraday trading Today’s Strategy for Nifty; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “The market has gained momentum after a small consolidation movement. Nifty is expected to move towards 17,800-18,000 levels by the end of this week, another round Slight decline from high before showing. Immediate support for NSE Nifty has been placed at 17,550 level.
Sharing important levels with respect to Nifty and bank nifty index, Sumeet Bagdia, Executive Director, Choice Broking said, “Nifty has given a breakout at 17,550 levels at the close of Friday and is acting as an immediate support for the 50-stock index while its immediate hurdle is at 17,800 levels. Day traders can take it. NSE Nifty has a broad range between 17,400 to 18,000 levels. Similarly, Nifty Bank’s short range is placed between 36,700 to 37,500 while banking index’s broader range is 36,300 to 38,000 range has been placed in.”
day trading stocks
Intraday stocks for today unveiled, Stock market expert – Sumeet Bagdia, Executive Director, Choice Broking; Anuj Gupta, Vice President, IIFL Securities; Mehul Kothari, AVP – Avinash Gorakshakar, Head of Technical Research and Research at Profitmart Securities at Anand Rathi Shares & Stockbrokers has a buy recommendation on 8 stocks today.
Today trading shares of Sumeet Bagdia will be bought
1]Ambuja Cements: Buy on CMP, Target from 315 320, stop loss 298
2]Bajaj Auto: Buy on CMP, Target from 3850 3900, stop loss 3650
Today’s Intraday Stock of Mehul Kothari
3]Birlasoft: Momentum buy on CMP, Target 490, stop loss 455
4]Kotak Mahindra Bank: Buy on CMP, Target 1932, Stop Loss 1700
Anuj Gupta’s Day Trading Shares for Monday
5]Adani Power: Buying Momentum on CMP, Target 235, stop loss 189
6]Wockhardt: Buy on CMP, Target 320, stop loss 264
Buying in the shares of Avinash Gorakshakar today
7]HDFC Ltd: Buy on CMP, Target 2580, stop loss 2400
8]GAIL: Buy on CMP, Target 173, stop loss 157.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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