Day Trading Guide for Wednesday: After Monday’s sharp weakness, the Indian stock market turned into a strong trend on Tuesday. Nifty 50 lost 43 points to close at 17,324 level while BSE Sensex lost 166 points to closed at 58,117 level. Nifty Bank lost 31 points to closed at 36,893 points. According to stock market experts, this type of trade pattern alerts for a trend reversal after an appropriate weakness. However, he added that the reversal pattern requires confirmation.
On the day when NSE volumes were in line with the recent average; Power, oil & gas and capital goods indices were the biggest gainers, while telecom, FMCG and auto indices were the biggest losers. The BSE small-cap index remained flat while the mid-cap index was down 0.37 per cent.
day trading guide for nifty today
Today on intraday trading tips for stock market; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Indian stock market is showing consolidation movement on Tuesday, bearish pattern post Monday may indicate possibility of a permanent bounce back in the coming sessions. To be seen on NSE Nifty Important resistance is near 17,500 and next near 17,650. Immediate support for NSE Nifty is placed at 17,200 level.
day trading stocks to buy today
Sharing the day’s trading stocks for today’s trading session, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities, Ravi Singh, Research Head and Vice President, ShareIndia, Manoj Dalmiya, Founder and Director, Proficient Equities Limited and Partha Nyati, Founder, Tradingo gave buy advice on 8 shares today.
Sumeet Bagadiya Day Trading Stocks
1]Hindustan Unilever Limited or HUL: buy speed on cmp, target from 2400 2450, stop loss 2270
2]Torrent Power: Buy on CMP, Target from 600 610, stop loss 565
Ravi Singhal’s Day Stock
3]Narayana Hrudayalaya: buy around 600, target 640, stop loss 580
Ravi Singh’s Today Trading Stock
4]Burger Paints: buy on 755, Target 770, stop loss 750
5]State Bank of India or SBI: buy on 488, target 498, stop loss 484
Manoj Dalmiya shares selected for today
6]Subros: buy on 398, Target 444, stop loss 381
Will buy shares of Parth Nyati today
7]Orient Electric: buy on 389.7, target 405 stop loss 383
8]KNR Construction: buy on 293, target 305, stop loss 287.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,