Day trading guide for today: After heavy fluctuations throughout the day, the Indian stock market closed on a positive note on Monday. The NSE Nifty closed 44 points higher at 17,648 while the BSE Sensex closed 169 points higher at 59,500. The Bank Nifty index gained 42 points and closed at 40,378 points. Broader market indices ended in the negative even as the advance-decline ratio ended at 0.74:1.
Most Asian stock markets declined on Monday due to caution ahead of a Federal Reserve meeting and key economic data this week, while Chinese shares rose as they resumed trading after a week off. European shares slid on Monday with central banks on both sides of the Atlantic poised to raise interest rates to their highest ever global financial crisis,
Day trading guide for stock market today
Speaking on the day’s trading strategy for Tuesday, Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Market is showing high volatility occurrence (Doji formation), important support conditions and no sharp weakness post down breakout . Range movements are all pointing to a possible return of Bulls from lower levels. A sustainable move above 17,800 is expected to confirm an upside trend reversal. The important event of the Union Budget on February 1 will bring new trends for the market. going to set the direction. Short term.”
Nagraj Shetty HDFC securities added this smelly After breaching below it, it remained above the crucial support of the 200-day EMA at the 17,550 level in the last two sessions. The said moving averages have offered significant support and resistance in the past and have resulted in substantial momentum on both sides.
Expecting market bullish return, Nagaraj Shetty said, “After showing decisive negative breakout of broad range movement of 18200-17800 on Friday, Nifty is showing none. Spicy Follow-through weakness on Monday could be a positive sign for bulls to bounce back from lower levels.”
nifty call put option data
Speaking on Nifty Call Put Ratio, Shilpa Raut, Derivatives Lead Analyst at Prabhudas Lilladher said, “Nifty Weekly Option Chain shows highest PE writers exposure at 17000PE of over 97K OI contracts followed by 85K OI contracts. 16500PE. Maximum participation of CE writers is in 18000/18200CE with over 1.8 lakhs each and 1.2 lakhs OI contracts. PCR_OI at 17500 is 2.33 which is an immediate support for the index.
bank nifty call put option data
Rout said, “The weekly expiry option chain saw PE writers positions at 36500PE with more than 63 thousand OI contracts and 38000/39500PE with more than 50 thousand OI contracts, while CE writers positions with more than 1.4 lakh OI contracts.” With 42000CE.”
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 – listed 6 stocks to buy on Tuesday.
Sumit Bagadia’s shares will be bought today
1]HCL Technologies: Buy at CMP, target 1170 more 1190 stop loss 1105
2]Grasim Industries: Buy at CMP, target 1640 and 1660 stop loss 1560
Anuj Gupta intraday stock today
3]NTPC: Buy Momentum, Targets CMP 180, stop loss 159
4]SBI Cards & Payment Services: Buy on CMP, Target 760, stop loss 688
Ganesh Dongre’s stock is up on Tuesday
5]Indus Towers: Buy 148, target 160, stop loss 142
6]Oil India Limited or OIL : Buy 238, target 245, stop loss 232.
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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