Day Trading Guide for Women’s Day 2023: Carrying forward its positive bias from Friday, the Indian stock market closed higher for the second straight session on Monday. The Nifty 50 index closed at 17,711, up 117 points, the BSE Sensex closed at 60,224, up 415 points, while the Nifty Bank index closed at 41,350, up 99 points. Broader market indices ended higher than Nifty even as the advance-fall ratio ended at 1.75:1.
Speaking on the cause of rally in indian stock marketDeepak Jasani, Head of Retail Research HDFC “Global stock markets were flat on Monday as investors assessed the impact of China’s decision to set its lowest economic growth target in decades for 2023,” Securities said.
Day Trading Guide for Wednesday
Speaking on the outlook for the Nifty 50 index, Rohan Patil, Technical Analyst, Samco Securities, said, “Nifty bulls enjoyed a bullish session on Monday as 39 scrips out of Nifty 50 closed in the green, and the benchmark index closed 9, respectively.” and closed above the 21 EMA. Technically, the bullish candles have shown optimism among traders, but the index needs to cross the 17,800 level on the higher side for a change in momentum. On the lower side, 17,550 and 17,500 will act as a support area for the index.”
“Momentum readings on both Nifty as well as bank nifty Ruchit Jain, Lead Research, 5paisa.com, said, “Banking space continues to move higher from recent lows, while Nifty PSE index gains.” Create a new record indicating buying interest in PSU names as well.”
nifty call put option data
On Nifty Call Put Ratio, Rahul Ghosh, Founder & CEO, Hedged said, “Nifty index today saw a change in its put writers from 17,500 levels to 17,600 levels and 17,700 levels. However, the highest OI of put writers is still there.” At 17500 level, it is important to note that this opening level has shifted to 17,000 PE, which was the strike with highest OI earlier. The shift in range of highest OI signals near term bottom at 17,500. This weekly Expiration. Even if the Nifty index does some profit-booking in the next few days after this stupendous rally of the past few days, there is still an immediate buy zone between 17,250 and 17,465.
bank nifty call put option data
“Bank Nifty, on the other hand, saw heavy short build-up at 41,500 CE strike, which traders will have to watch on Wednesday. Any surprise from global indices could be the only trigger for short-covering to trigger on this. The index and the strike, but till it happens, it will act as a resistance point from the scope of this termination,” said Rahul Ghosh.
for day trading stocks Women’s Day 2023
On intraday stocks for Wednesday’s session, 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 5 stocks to Buy this Women’s Day 2023.
Sumit Bagadia picks stocks for Women’s Day 2023
1]TVS Motor: Buy at CMP, Target since 1130 1150 stop loss 1070
2]Coal India: Buy at CMP, target from 230 232, stop loss 219
Anuj Gupta’s shares will be bought on Wednesday
3]Bank of Baroda: Buy at CMP, target 192, Stop Loss 162
4] Bye Steel: Buy on CMP, Target 117, Stop Loss 100
Ganesh Dongre day trading stocks
5] havells India: buy on 1226, target 1285 stop loss 1175
6] Bye Motors: Buy on 441, target 460 stop loss 425.
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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