Day Trading Stocks: In the backdrop of weak global cues, the Indian stock market recorded a fall for the fourth consecutive session on Friday. The NSE Nifty closed 86 points down at 17,532 while the BSE Sensex closed at 58,765, down 360 points. Bank Nifty lost 199 points and closed at 37,225 level. After five weeks of gains, the Nifty lost 1.8 per cent this week. by week; PSU Bank, Metal, Pharma and Auto indices were the biggest gainers, while IT, FMCG and Bank indices were the biggest losers.
Day Trading Guide: Trade View on NSE Nifty
Unveiled day trading strategy for Monday; Deepak Jasani, Head of Retail Research, HDFC Securities, said, “On the daily chart, Nifty has formed a Doji-like pattern after a downside gap, which could potentially halt the downside temporarily. 17,355 to 17,452 is a significant move for Nifty. May be support. 17,620 may act as resistance. 17,792 uptrend seems difficult to breach in the near term.”
day trading stocks to buy today
Sumeet Bagadia, Executive Director, Choice Broking, talking about buying shares in the day’s trade on Monday, said stock market experts; Dr. Ravi Singh, Head of Research and Vice President, Share India, Sandeep Matta, Founder of TRADEIT Investment Advisors; Kapil Goenka, Founder, Eternity Financial Services and Manoj Dalmiya, Director and Founder, Proficient Equities Pvt Ltd, recommended 9 stocks to buy today.
Today’s Intraday Stock of Sumeet Bagadiya
1]Colgate-Palmolive: Buy on CMP, Target ₹from 1725 ₹1740, stop loss ₹1650
2]Mahindra & Mahindra or M&M: Buy on CMP, Target ₹850 to 875, stop loss ₹800
Will buy shares of Ravi Singh today
3]Bank of India: buy on ₹56, target ₹65, stop loss ₹54
4]Cadila Healthcare: buy on ₹556, target ₹570, stop loss ₹551
5]Bharat Heavy Electricals Limited or BHEL: buy on ₹65, target ₹72, stop loss ₹63
Will buy shares of Sandeep Matta today
6]Gujarat Gas: buy on ₹615, Target ₹640 ₹665, stop loss ₹590
7]Vedanta: buy on ₹286, target ₹from 294 ₹304, stop loss ₹275
Today Stock of Manoj Dalmiya
8]Titagarh Wagon: buy on ₹107, target ₹122, stop loss ₹100.50
Kapil Goenka’s Stock Pick for Monday
9]KPI Global Infrastructure: buy on ₹128, target ₹140, stop loss ₹118.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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