Day Trading Guide for Thursday: After moving upwards with high volatility on Tuesday, the Indian stock market showed a permanent follow-up growth on Wednesday. NSE Nifty closed 184 points higher at 16,955 while BSE Sensex closed 611 points higher at 56,930 level. Nifty Bank climbed 421 points to close at 35,029 and hit the 35,000 level. According to stock market experts, the current market pattern indicates continuation of the pullback rally in the market after a sharp decline.
day trading guide for nifty today
Unveiling the day trading strategy for the stock market today; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “The pullback rally in the market continued and Nifty is now entering the crucial overhead resistance around 17,000 to 17,200 levels. There is a high possibility that Nifty will move from near this zone. May fall to the downside. Next few sessions. Immediate support for NSE Nifty has been placed at 16,830 level.”
day trading stocks
Stock market experts are sharing today shares of the stock market – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities and Mudit Goyal, Senior Research Analyst, SMC Global Securities made 6 buy/sell recommendations today.
Today will buy day trading shares of Sumeet Bagadiya
1]National Aluminum Company or NALCO: Buy on CMP, Target from 106 110, stop loss 99
2]Manappuram Finance: Buy on CMP, Target 168 to 170, stop loss 157
Ravi Singhal’s Today Trading Stock
3]Housing Development Finance Corp or HDFC: sell on 2540 or more, target from 2500 2470, stop loss 2566
4]HDFC Bank: sell on 1444 or higher, target 1400, stop loss 1466
Mudit Goyal Day Trading Stock for Thursday
5]Aurobindo Pharma: Buy on CMP, Target 735, stop loss 708
6]Crompton Greaves: Buy on CMP, Target 429, stop loss 409.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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