Buy or sell shares for today: After the US bank crisis eased, Dalal Street closed with gains on Wednesday. This was due to the strong global sentiment. The 30-stock BSE Sensex gained 346 points to close at 57,960, while the 50-stock Nifty gained 129 points to finish at 17,080. To finish at 39,910, the Nifty Bank index gained 342 points. Both the small-cap and mid-cap indices performed better than major benchmark indices in the overall market, gaining over 1.65% each. NSE cash market volume was at its highest in six months on the day of F&O expiration, while NSE F&O volume was at its lowest in three months.
intraday trading strategy for friday
Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, is of the opinion that it is of the utmost significance for the Nifty 50 index to decisively cross the 17,200 zone in order to solidify investor confidence in the Indian stock market’s potential for further upside. According to Prabhudas Lilladher, an expert, a decisive breach above the 40800 zone is required for the Nifty Bank index to confirm a revival of the overall trend and a positive directional move for the upcoming days. Vaishali Parekh recommends three intraday trading stocks for today: Hindustan Unilever Limited (HUL), TVS Motor, and Zee Entertainment Enterprises Limited (ZEEL). These three stocks can be purchased today.
“Nifty index witnessed a volatile session taking support near 16,950 zone and thus f&o closes the resistance of 17,100 zone to end the session on a slightly better note,” Vaishali Parekh of Prabhudas Lilladher stated regarding the Nifty’s outlook for today. level. As expressed before, the file really should conclusively cross the 17,200 region to lay out some conviction for additional potential gain before very long.”
“Bank Nifty also performed better than the Nifty index, moving above the crucial 200DMA level of the 39800 zone. Bias has improved a little, and intraday session to expect further upside in the coming sessions has touched the 40000 zone during.” To confirm the improvement in the overall trend and a positive directional move for the upcoming days, Parekh stated that further ahead, a decisive breach above the 40800 zone is required.
According to Parekh, the Nifty has support at 16,950 levels and resistance at 17,200 levels. The Bank Nifty’s daily range will be between the 39,400 and 40,400 levels.
stocks to buy today
As previously stated, Vaishali Parekh recommended purchasing three intraday trading stocks today. The following is a comprehensive list of those intraday stocks:
1]HUL : Buy at 2530, with a stop loss at 2490;
2]Zeal: Buy 216 with a target of 226, stop loss of 212; Third, the TVS motor: Buy at 1079, set a goal of 1125, and stop at 1055.
Disclaimer: The perspectives and suggestions given above are those of individual investigators or broking organizations and not of o2help. Before making any investment decisions, we recommend that investors conduct due diligence with licensed professionals.
