Day trading guide for today: After witnessing an intraday rally on Thursday, the Indian stock market showed a sharp weakness from the previous session and closed with losses on Friday. The Nifty 50 index closed at 16,945, down 131 points, while the BSE Sensex closed at 57,527, down 398 points. The Nifty Bank index closed at 39,395, down 221 points. In the broader markets, the small-cap index declined 1.37 per cent, while the mid-cap index declined 1.25 per cent.
Day Trading Guide for Monday
HDFC Securities Technical Research Analyst Nagraj Shetty said on outlook for Nifty today, “Short term trend of Nifty remains weak. Immediate resistances are not being challenged and strong supports are starting to break down one after the other.” Gone. Could be one.” It is expected that this week Nifty may fall towards 16800-16700 levels. On the upside, the 17,050 area could act as an important overhead resistance.
Sunil Damania, Chief Investment Officer, Marketsmojo said, “The market is still waiting for a very strong signal to take it higher. And till such time the market is waiting for a very strong signal to take it further.” We believe that there will be a possibility of volatility in the market in the near future.
“FII short exposure in the derivatives market has come down to 86% from a historic high of 92%, but it is still heavily sold. Despite this, the market is not getting enough triggers for any significant short-covering recovery Oversold sector is also indicated by put/call ratio of 0.78,” said Santosh Meena, Head of Research, Swastik Investmart.
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 6 stocks to buy today.
Sumit Bagadia’s shares will be bought today
1]Aurobindo Pharma: Buy at CMP, target 515 more 525 stop loss 485
2]Asian Paints: Buy at CMP, Target since 2850 2875, stop loss 2740
Anuj Gupta intraday stock today
3]Cipla: Buy on CMP, Target 910 stop loss 858
4]Power Grid: Buy on CMP, Target 234, stop loss 214
Ganesh Dongre’s stock is up on Monday
5]ONGC : Buy on 149, Lakshya 156, Stop Loss 144
6]Bharti Airtel : Buy on 763, target 785 stop loss 745.
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.
