Tuesday, June 11, 2024
Home News Day trading guide for today: 5 stocks to buy or sell on...

Day trading guide for today: 5 stocks to buy or sell on Friday — 24th March

 

Day trading guide for today: Indian stock market on Thursday snapped its two-day gains on the prospect of the US Fed becoming less aggressive against heightened economic headwinds in the coming months. The NSE Nifty closed at 17,076, down 75 points, while the BSE Sensex closed 289 points down at 57,925. The Nifty Bank index closed at 39,616, down 382 points. The small-cap index also fell below the Nifty while the advance/decline ratio fell to 0.62:1.

Day Trading Guide for Friday

Talking on the outlook for Nifty today, Deepak Jasani, Head of Retail Research, HDFC Securities said, “Nifty could not hold on to two day gains. 17200-17225 is proving to be a tough resistance. On downside, 16985 could provide support.” If Nifty does not turn up again by tomorrow, the short term top would have been made at 17207.”

“Technically the trend is bearish for Nifty and selling at every rally can be a profitable strategy,” said Rohan Patil, Technical Analyst, SAMCO Securities.

Ruchit Jain, Lead Research said, “FIIs still have strong short heavy short positions and it seems they are not willing to cover them. Hence, traders should be cautious in pullback moves and till the time we see shorting by FIIs Aggressive long formations should be avoided until we see covering. 5paisa.com

Rahul Ghosh, Founder & CEO, Hedged, said, “For Nifty to regain upside momentum, Bank Nifty needs to close above 40,200, which is its near-term resistance.”

stock in focus

On stocks to bargain, Rahul Ghosh said, “In this sideways market traders are advised to be stock specific, Life Insurance company’s charts seem to be now ready to come out of their bear market of the last pair One can start going long on HDFC Life from this sector since 475 Placing stop loss below 477 level 452 for higher goals.”

day trading stocks to buy today

On intraday stocks for today, 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 – recommend 5 stocks to buy today.

sumit bagadia intraday stock for today

1]ONGC: Buy at CMP, target from 156 158, Stop Loss 148

2]Zydus Life: Buy on CMP, Target since 495 500, stop loss 470

Anuj Gupta’s earning today

3]Tata Motors: Buy at CMP, Target 440, stop loss 399

Ganesh Dongre trading stocks for today

4]Colgate-Palmolive: Buy on 1521, target 1560 stop loss 1480

5]ITC: Buy at 380, target 392, Stop Loss 374.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of o2help. We advise investors to do due diligence with certified experts before making any investment decision.

RELATED ARTICLES

Markets end FY23 in style; Sensex Nifty rally nearly 2% on firm global trends

Market, The final day of the fiscal year 2022-23 saw gains for benchmark indices, with a gain of nearly 2% on Friday, extending gains for...

Day trading guide for today: 6 stocks to buy or sell on Friday — 31st March

Trading, Day trading guide for today: Indian shares gained on Wednesday as global markets' increased risk appetite was aided by easing in the banking industry....

Financial, IT stocks aid Indian shares snap three-month losing streak

Financial, By Bharat Rajeshwaran BENGALURU (Reuters) - Indian shares rose on Friday, supported by a higher weighting of financial stocks and information technology (IT) stocks,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

SIGNUP & GET $10000 BONUS

Most Popular

Trading the Inside Bar Pattern on Pocket Option Platform

Inside Bar Pattern Introduction Price movement on a chart is examined in price action trading. You may use candlesticks to predict where prices will move...

“Unlocking the Secrets: 4 Tricks of Successful Traders on Pocket Option Platform”

For a year, I have been trading on the Pocket Option platform. I sometimes succeed and sometimes fail. However, I was confident that if...

Identifying Mistakes That Lead to Losses on Pocket Option

Why do people lose their money when trading binary options New traders frequently take a significant financial risk while trading binary options. As a result,...

Weekly Income Plan on Pocket Option Platform”

Get weekly returns on Pocket Option It turned out that October was a terrific month for me. I am still able to generate money every...

Recent Comments