Day Trading Guide for Thursday: After showing strength on Tuesday, the Indian stock market slipped in weakness and closed in negative territory on Wednesday amid sharp volatility. Nifty 50 lost 103 points to close at 17,221 while BSE Sensex lost 329 points to close at 57,788 level. Nifty Bank closed 104 points lower at 36,789 points. According to stock market experts, the current market pattern is indicating the possibility of some further weakness or strength in the next few sessions.
day trading guide for nifty today
Today sharing day trading strategy for stock market; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Short term trend of Nifty remains negative with volatility. Further decisive weakness from current levels could open lower levels of 17,000 to 16,900 in near term. Any upside from current position on NSE. Bounce Nifty may find strong resistance near 17,350 to 17,400 levels.”
day trading stocks for today
Stock market experts in today’s trading for the Indian stock market – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities, and Partha Nyati, Founder, Tradingo, recommend 5 day trading stocks to buy today.
Sumeet Bagadiya Day Trading Stocks
1]Kotak Mahindra Bank: Buy on CMP, Target 2000, stop loss 1815
2]Maruti Suzuki India: Buy on CMP, Target from 7800 8000, stop loss 7400
Ravi Singhal’s Day Stock
3]Reliance Industries Limited or RIL: sell on 2380, Target from 2360 2340, stop loss 2405
Buying in day trading stocks of Parth Nyati
4]CCL Products: buy on 412, target 435, stop loss 401
5]Divi’s Laboratories: Buy on CMP, Target 4700, stop loss 4525.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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