Day trading guide for today: 5 stocks to buy or sell on Monday, January 16

According to stock market experts, global stocks were largely up and at multi-month highs as the Federal Reserve is likely to be less hawkish this year. Stronger-than-expected GDP growth from the UK for November also helped. China’s exports fell further in December as global demand continued to slide, adding to the pressure on the economy as it navigates a hurried, uncertain path from Covid zero.

exports to we It declined 9.9 percent in dollar terms in December, compared with economists’ estimates of an 11.1 percent decline a year earlier. Imports declined by 7.5 percent, better than the median estimate of a 10 percent decline. This left a massive trade surplus of $78 billion last month.

Today’s day trading strategy for stock market

On the triggers that helped Dalal Street bounce back after three days of selloff, market expert Sugandha Sachdeva said, “Soft US inflation print for December boosted risk sentiments last week as CPI down 7.1 to 6.5 per cent (YoY).” Last month’s percentage rose as expected Markets are now expecting the Fed to take a less accommodative policy stance and cut rates by 25 bps growth In its next meeting. On the domestic front, retail inflation eased to a one-year low of 5.72 per cent in December and factory output rose to a five-month high of 7.1 per cent on an annual basis in November, which will further cheer the markets.

On stock market triggers for this week, Sugandha Sachdeva said, “For the week ahead, a slew of economic data will determine the trajectory of the markets. Domestic WPI reading for December and Q3 earnings by heavy weight on investors’ radar Will be on. In addition. , America Retail SalesThe UK CPI will take center stage alongside China’s Q4CY22 GDP numbers as well as the BOJ’s monetary policy decision.” However, she added that smelly It is expected to trade in the range of 17,800 to 18,500 and a break on either side of this range can suggest a bullish or bearish trend.

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Deepak Jasani, Head of Retail Research talking about intraday trading tips HDFC Securities said, “Nifty once again took support from 17,774 level, adding importance to that level. Nifty was able to remain stable in a wide band, aided by local flows, despite continued selling by FPIs. Nifty Moving from 18,127 to 18,256. Band in the next few sessions, provided 17,774 remains secure.”

day trading stocks to buy today

On intraday stocks for today, stock market experts – Sumeet Bagadia, Executive Director, Choice Broking; Ganesh Dongre, Senior Manager – Technical Research at Anand Rathi And Rajesh Bhosle, Technical Analyst, Angel One has 5 buy or sell recommendations on the stock for today.

Sumit Bagadia’s shares will be bought today

1]NTPC: Buy on CMP, Target from 172 175, Stop Loss 164

2]Canara Bank: Buy on CMP, Target since 335 340 stop loss 316

ganesh dongre intraday stock for today

3]IndusInd Bank: buy on 1235, target 1290 stop loss 1200

4]Infosys: buy on 1505, target 1570 stop loss 1475

Today’s share of Rajesh Bhosle

5]Rain Industries: buy around 183.50, Target 195, Stop Loss 176.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before taking any Investment Decision.