Day Trading Guide for Wednesday: 6 Stocks to Buy Today – August 10

In the broader market, the BSE Midcap gauge rose 0.3% and Smallcap gained 0.28%. Nifty auto index rose over 1%. Automaker Mahindra & Mahindra (M&M) was one of the top performers on the Nifty 50, while the Nifty Metal index rose 1.3%. Indian markets remained closed on Tuesday due to the holiday.

for day trading guide stock market today

“Short term trend of Nifty remains positive with range-bound action. A sustained move above 17550 level can be considered as an upside breakout of the range and it may mark Nifty as the next important resistance near 17800-17900 level in the near term. Immediate support is placed at the level of 17430,” said Nagraj Shetty, Technical Research Analyst, HDFC Securities.

“After consolidating last week, Nifty finally managed to cross the 17,500 level and close. This reflects the underlying strength in the domestic market despite mixed global cues and rising geopolitical tensions. We expect positive momentum to continue with Nifty inching towards 17700 – 17800 zones. Siddharth Khemka, Head of Retail Research, Motilal Oswal said, “Inflation figures will be important figures for the US and India.

stocks to buy today As recommended by analysts –

Rajesh Bhosale, Technical Analyst, Angel One Limited

Indian Railway Catering and Tourism Corporation (IRCTC): Buy IRCTC, Stop Loss 642, target 685

Nippon Life India Asset Management: Name-India Buy Stop Loss 296, target 320

Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd.

Cummins India: Buy Cummins, Stop Loss 1,170, target 1,235

Piramal Enterprises Ltd: Buy PEL, Stop Loss 1,760 target 1,855

Mehul Kothari, AVP – Technical Research at Anand Rathi

HDFC Bank: HDFC Bank Buy, Stop Loss 1,430, Target 1,520

Can Fin Home: Buy Can Fin Home, Stop Loss 586, target 620

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

first article