Buy or sell shares for today: After two days of losses, Dalal Street closed on Monday with gains. The Bank Nifty index was up 35 points at 39,431, the 30-stock Sensex was up 126 points at 57,653, and the 50-stock Nifty was up 40 points at 16,985. The small-cap index decreased by 1.50 percent and the mid-cap index by 0.37 percent in the larger markets.
intraday trading strategy
According to Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, the Nifty is currently trading in the range of 16,800 to 17,200. A break on either side of this range can indicate a trend that is either bullish or bearish. According to an expert from Prabhudas Lilladher, the overall bias remains cautious due to Bank Nifty’s inability to break the tough resistance seen near the 39,700 level. In terms of stocks to buy right now, Vaishali Parekh suggests PFC, GAIL, and Godrej Consumer Products as three day trading stocks.
“As stated earlier, Nifty is stuck between the tight range of 16,800 and 17,200 for quite some time now and a decisive breach on either side is needed to see directional move,” Vaishali Parekh of Prabhudas Lilladher stated regarding the current outlook for the Nifty. will be absolutely necessary. to establish the trend in the coming days.”
“Bank Nifty is also having trouble breaking the difficult resistance near the 39,700 level, which is where the 200 DMA is. The downside near 38,800 serves as a significant support for the near term.” Going forward, the overall bias is carefully maintained. Parekh stated, “Clarity has been established.”
Parekh went on to say that the intraday support for the Sensex and the Nifty is at 57,000/16,850, and the intraday resistance is at 58200/17150. The Bank Nifty’s daily range will be between 38,800 and 40,100.
stocks to buy today
As previously stated, Vaishali Parekh has recommended three intraday stocks for today. The full details of the trading stocks for those days are listed below:
1]Power Finance Corporation or PFC: buy on 149, Lakshya 156, and 145 as a stop loss;
2]Gayle: buy Lakshya 110 on 104, stop loss 100; And
3]Godrej Consumer Products: purchase on 961, target 1000, stop misfortune 940.
