Day trading guide for today: As concerns over banking contagion continued to hurt sentiment in the developed world, the Indian stock market fell for a fourth consecutive session on Wednesday. The NSE Nifty closed at 16,972, down 71 points, while the BSE Sensex closed at 57,555, down 344 points. The Nifty Bank index fell 359 points to close at 39,051. The broad market indices outperformed the Nifty while the forward/decline ratio remained at 0.78:1.
Day trading guide for stock market today
Nagraj Shetty, Technical Research Analyst, on Nifty Today’s Outlook HDFC Securities said, “The short term trend of Nifty continues to be weak. After moving into the oversold zone, there is a possibility of an upside move towards 16,900 to 16,800 levels in the short term. The immediate resistance for the Nifty 50 index is placed at 17,200. Gone. Level.”
Speaking on the outlook for Nifty Bank Index today, Ruchit Jain, Lead Research, 5paisa.com said, “The bank nifty The banking index has crossed its important swing low support and hence, the banking index continues to trend down. Momentum reading for both Nifty and Bank Nifty is in sell mode indicating negative momentum.
day trading stocks
On intraday stocks for today, Stock Market Experts – Sumeet Bagadia, Executive Director, Choice Broking; Anuj Gupta, Vice President – Research at IIFL Securities And Ganesh Dongre, Senior Manager – Technical Research at Anand Rathi – recommends 5 stocks to buy today.
sumit bagadia intraday stock for today
1]Asian Paints: Buy at CMP, Target 2900 and 2950, stop loss 2770
2]Glenmark: Buy at CMP, Target from 445 450, stop loss 415
Anuj Gupta’s shares will be bought today
3]Tata Steel: Buy at CMP, Target 113, Stop Loss 104
4]Power Grid: Buy on CMP, Target 238, stop loss 222
Today’s share of Ganesh Dongre
5]ITC: Buy at 389, target 398, Stop Loss 372.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.
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