Day trading guide for today: Despite strong global cues, the Indian stock market closed with losses for the second consecutive session on Monday. The NSE Nifty ended 99 points lower at 17,844, the BSE Sensex closed 311 points lower at 60,691, while the Bank Nifty index ended 430 points lower at 40,701. Broad market indices managed to maintain their strength compared to the previous session and closed almost unchanged. Among sector specific indices, Auto and Technology indices posted top gains, while Nifty Bank and Pharmaceuticals were among the least performers.
According to market experts, a long bear candle with a slight upper shadow has formed on the daily chart, indicating a violation of the support around 17,900 levels. Positive chart patterns such as higher tops and bottoms are still intact and the current weakness may be in line with a new higher bottom formation. However, the reversal pattern from any higher lows has not been confirmed at the lower levels.
Day trading guide for stock market today
asked about the outlook for smelly TODAY, Nagraj Shetty, Technical Research Analyst HDFC Securities said, “The weakness with range movement may continue for next 1-2 sessions before another bounce is seen from lower levels. The next lower support for NSE Nifty is placed at 17,700 level and immediate upside The hurdle is around 18,000 level.”
Ruchit Jain, Lead Research, 5paisa.com advises stock specific trade in the current markets saying, “While banking space dragged the markets down, the broader markets saw stock specific buying interest, which led to some relative gains in Nifty.” be performed. mid Cap index. Hence, traders are advised to look for stock specific opportunities from near term perspective. The ‘long short ratio’ of FIIs in the index futures segment is around 25 per cent and it will be important to see whether they cover their shorts before expiry or roll over their positions.
day trading stocks to buy today
Unveiling the 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 6 stocks to buy today.
sumit bagadia intraday stock for today
1]Gujarat Gas: Buy on CMP, Target since 515 520, stop loss 485
2]Laboratories of Divi: Buy on CMP, Target since 2970 3000, stop loss 2830
Ganesh Dongre’s stock is up on Tuesday
3] united spirits or McDowell: buy at 765, target 790 stop loss 750
4]Persistent Systems: buy on 5055, target 5250, stop loss 4900
Anuj Gupta’s shares will be bought today
5]Tata Motors: Momentum buy, target on CMP 452, Stop Loss 437
6]Tata Steel: Buy on CMP, Target 120, stop loss 107.
Disclaimer: The views and recommendations given above are 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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