Day Trading Guide for Thursday: After showing a range bound momentum in the last 5-6 sessions, Nifty caught an upward momentum and saw a breakout north of the range on Wednesday and a lifetime close of 17,519 – 139 points higher than its Tuesday close. The BSE Sensex rose 476 points to hit a lifetime closing high of 58,723. After opening on a slightly positive note, the market shifted to a permanent intraday upside move, which continued for the entire session. According to stock market experts, this is a positive sign and further upside can be expected in the short term.
Trade View on NSE Nifty
Speaking on Day Trading Guide for today; Nagraj Shetty, Technical Research Analyst, HDFC Securities, said, “The upside breakout of the range movement could be an encouraging factor for the bulls to make a comeback. Expect the NSE Nifty to move further higher from the 17,600 to 17,700 levels in the next few trading sessions. Immediate support for NSE Nifty has been placed at 17,420 level.
day trading stocks to buy today
Speaking on today’s day trading stocks, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities; Sandeep Matta, Founder, TRADEIT Investment Advisors; Kapil Goenka, Founder, Eternity Financial Services; Manoj Dalmiya, Director and Founder, Proficient Equities Pvt Ltd and Rohit Singre, Senior Technical Analyst, LKP Securities, recommended 9 stocks to buy today.
Today’s Intraday Stock of Sumeet Bagadiya
1]United Phosphorus Limited or UPL: Buy on CMP, Target ₹780 to ₹7790, stop loss ₹745
2]Hindalco: buy speed on cmp, target ₹from 500 ₹510, stop loss ₹471
Ravi Singhal’s stock today
3]L&T Finance Holdings: buy on ₹86.50, target ₹92, stop loss ₹83
Buying in day trading stocks of Sandeep Matka
4]Madarasumi: buy on ₹228, target ₹239, stop loss ₹219
5]Clean Science and Technology: buy on ₹1800, target ₹1950, stop loss ₹1700
Kapil Goenka’s stock pick for today
6]Harrison Malayalam: buy on ₹205, target ₹224, stop loss ₹189
Will buy shares of Manoj Dalmiya today
7]Karnataka Bank: buy on ₹73.50, target ₹84, stop loss ₹68
Rohit Singre Intraday Stocks for Thursday
8]ACC: buy on ₹2470, target ₹from 2520 ₹2570, stop loss ₹2440
9]Alembic Pharmaceuticals: buy speed on cmp, target ₹825 to ₹855, stop loss ₹780.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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