Day trading guide for today: In a range-bound session on the weekly close, Nifty and Sensex ended flat but on a positive note, while the Nifty Bank index outperformed the other two major benchmark indices on Thursday. The NSE Nifty ended 5 points higher at 17,624 while the BSE Sensex closed 64 points higher at 59,632. The Bank Nifty index closed at 42,269, up 115 points or 0.27 per cent. In the broad market, the small-cap index gained 0.10 per cent, while the mid-cap index closed 6 points lower.
Day trading guide for stock market today
on outlook for smelly Today, Ruchit Jain, Lead Research, 5paisa.com said, “Nifty continues with its consolidation that we have seen since the beginning of this week, but has retained its support and is trading above its ’20 DEMA’ Support for the moving average NSE Nifty is placed around 17,500 which is seen as an important level for the near term. Nifty Bank index is doing relatively better, while stocks of mid-cap and small-cap space are underperforming. Stock specific action within is positive. Hence, this consolidation performance of last few days seems to be a timely correction now, and the index should resume its upward move in the near term.”
“Technically, after a broad pattern of bullish breakout, most of the time the prices moved through the cool-off phrase, and resumed the trend after retesting the prices of their breakout zone. Currently Nifty Going through the same phase and the index has completed its breakout pullback pattern on the daily time frame,” said Rohan Patil, technical analyst at SAMCO Securities.
Advising intraday traders to ‘buy on dips’, SAMCO Securities expert said, “Will still consider buying the index at these levels as prices are trading above their short and medium term EMAs. In days to come In the US, 17,500 to 17,7450 would be sacred support for the index, while 17,850 could be an immediate hurdle. A break above the 17,850 level would encourage buying towards the 18,000 level. Similarly, a break below 17,450 would suggest a downside bias. On the side the 17,250 level will open the gate.
day trading stocks to buy today
On intraday stocks for today, Stock Market Experts – Sumeet Bagadia, Executive Director, Choice Broking; Anuj Gupta, Vice President – Research at IIFL Securities and Jigar Patel, Senior Technical Analyst at Anand Rathi recommended 6 day trading stocks for today and they are six stocks. Promotion Motherson InternationalBharti Airtel, ICICI BankLarsen and Toubro, NTPC And Tata Motors,
sumit bagadia intraday stock for today
1]Promotion Motherson International or Motherson: Buy on CMP, Target 74 more 76, Stop Loss 67
2]Bharti Airtel: Buy on CMP, Target since 790 800, stop loss 755
Anuj Gupta’s shares will be bought today
3]NTPC: Buy on CMP, target 178, Stop Loss 163
4]Tata Motors: Buy at CMP, Target 495 stop loss 463
Jigar Patel stocks selected for the day
5]ICICI Bank : Buy on 895, target 915 stop loss 880
6]Buy on: Larsen & Turbo or LT 2236, target 2270, stop loss 2205.
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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