Trading,
Day trading guide for today: The Indian stock market ended the previous two sessions on a positive note on Monday. The Nifty was up 40 points to 16,986 on the NSE, the BSE Sensex was up 126 points to 57,653, and the Nifty Bank index was up 35 points to 39,431. The advance/decline ratio decreased to 0.29:1, and the broad market indices ended in the negative.
Day Trading Guide for Tuesdays
“The short term trend of Nifty remains weak with high volatility,” stated Nagaraj Shetty, Technical Research Analyst at HDFC Securities, regarding today’s outlook for the Nifty. The market lacks the strength to hold higher levels. Chances are Nifty.” In the near future, a retracement to the swing low of 16,800 is possible. Any attempt to retrace one’s steps toward the 17,100-17,150 levels could result in upside selling.
“Though Nifty is closing in a range, selling is being seen in the broader markets and thus midcap and small-cap indices are under pressure,” Ruchit Jain, Lead Research, 5paisa.com, stated when unveiling the day’s trading strategy for Tuesday. has broken its significant mid-term upholds and is failing to meet expectations. As a result, traders should exercise caution in these areas and refrain from engaging in aggressive trading until signs of reversal appear.”
“Nifty put writers anticipate limited downside and appear extremely bullish heading into April series expiration. For short strangles that expire in April, the current open interest distribution is 16,500 on the downside and 18,000 on the upside. It likewise implies that brokers are standing firm on additional footings to the potential gain and less to the drawback, showing that they are right now not persuaded of the disadvantage. Because the 17,000 short straddle players have yet to exit their positions or move the strike to a lower straddle, traders are not yet anticipating a significant drop below the 17,000 level for the current weekly close. According to Rahul Ghosh, founder and CEO of hedge, “All these sellers will get trapped if the Nifty index closes below the 16,750 level, which will lead to a further 200 points fall in the index. However, until that happens, it is better to maintain a bearish view on the index sideways.”
day trading stocks to buy today
Stock Market Experts Sumeet Bagadia, Executive Director, Choice Broking, discuss today’s intraday stocks; Six stocks to buy right now are suggested by Anuj Gupta, Vice President of Research at IIFL Securities, and Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi.
sumit bagadia intraday stock for today
One: Sun Pharma: Buy 983.45, with a stop loss of 960, and target 1030. Buy at 541.45, with a goal of 562 and a stop loss of 532.
Anuj Gupta’s shares will be bought today
3] SBI, or the State Bank of India: 4]Infosys: Buy on CMP, target 540, stop loss 490 Target 1430, stop loss 1354, buy at CMP
Ganesh Dongre stocks selected for the day
5] TechM or Tech Mahindra: 6]Lupine: Buy on 1103, target 1145, stop loss 1080 Buy at 658, target 690, and stop loss at 640.
