Day Trading Guide for Thursday: After showing a sharp jump on Tuesday, the Indian stock market shifted to higher levels of volatility on Wednesday and ended in the red zone. BSE Sensex closed 145 points lower at 57,996 while NSE Nifty lost 30 points to close at 17,322 level. Nifty Bank index fell 216 points to end at 37,953.
On Wall Street, the Dow Jones futures and Nasdaq also closed lower on Wednesday after a volatile session.
Day Trading Guide for Thursday: What do global signals indicate?
Expect a flat start with a positive trend in the Indian stock market today; Anuj Gupta, Vice President, IIFL Securities said, “Dow Jones futures ended in red zone on Wednesday while SGX Nifty is in green zone today. This indicates that Indian secondary market may open flat with a positive bias but watch out for SGX Nifty. Should keep it. Live index for further indications.”
Advising stock market traders to keep an eye on SGX Nifty Live Index, Anuj Gupta of IIFL Securities said, “Today’s short range for SGX Nifty is 17,180 to 17,650. A breakout of this short intraday range is bullish on either side. Or bearish trend can be confirmed. Today SGX Nifty. However, broader range of SGX Nifty is today 16,800 to 17,900 levels.”
day trading guide for stock market today
Today speaking on Day Trading Guide for Nifty; Nagraj Shetty, Technical Research Analyst, HDFC Securities, said, “Short term uptrend position of Nifty remains intact and upward move above 17,490 is expected to pull Nifty towards immediate resistance of 17,650. Bulls need to maintain higher levels. The inefficiency could result in another. A downtrend in the market. Immediate support for NSE Nifty has been placed at 17200 levels.”
Sharing a short and broad range of Nifty and Bank Nifty indices; Sumeet Bagadiya, Executive Director, Choice Broking said, “Short range of Nifty today is 17,200 to 17,400 whereas broader range of Nifty 50 index is 17,100 to 17,500. Similarly, short range of Bank Nifty is 37,700 to 38,300 whereas broader range of Nifty Bank index is Rs. The range is at 37,500 to 38,500 levels.”
day trading stocks
Stocks to buy in day trading today; Stock Market Expert – Sumeet Bagdia of Choice Broking; Anuj Gupta, IIFL Securities and Avinash Gorakshakar, Head of Research, Profitmart Securities have 6 buy recommendations on the stock.
Sumit Bagadiya trading stock today
1]Housing Development Finance Corporation or HDFC: Buy on CMP, Target 2500, stop loss 2290
2]Lupine: buy speed on cmp, target from 800 820, stop loss 750
Anuj Gupta’s Day Trading Shares for Thursday
3]Gayle: Buy on CMP, Target 154, stop loss 129
4]ICICI Bank: Buy on CMP, Target 800, stop loss 744
Buying in the shares of Avinash Gorakshakar today
5]Kotak Mahindra Bank: Buy on CMP, Target 1890, stop loss 1800
6]IOC: Buy on CMP, Target 130, stop loss 117.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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