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Day trading guide for Wednesday: ICICI Bank, Indian Hotels among 9 stocks to buy today — 29th March

Day,

In highly volatile trade on Tuesday, benchmark equity indices ended marginally lower amid mixed global trends and a sharp decline in Adani Group shares. The Nifty fell 34 points to 16,951.7, while the BSE Sensex lost 40 points to 57,613.7. The BSE Smallcap index fell by 0.79 percent and the Midcap index by 0.42 percent in the overall market.

day trading guide for stock market today ,

In the near future, a decisive decline to the support band of 16,900-16,800 levels could occur if the Nifty fails to gain strength to move above the support. There could be a rebound from here on out. According to HDFC Securities technical research analyst Nagaraj Shetty, “there will be strong resistance near 17,100 levels.”

The benchmark index is expected to gain support at odd 16,800 levels, which may increase selling pressure. It is anticipated that the Nifty’s short-term uptrend will continue until it reaches the 17,200 resistance level. According to Rohan Patil, Technical Analyst at Samco Securities, the uptrend toward 17,350 – 17,400 levels could be accelerated only by a sustained close above the 17,200 area.

stocks to buy According to the recommendation of analysts today –

Anuj Gupta, Vice President – Research at IIFL Securities

Buy NTPC, Stop Loss 163, target 182

ICICI Bank Buy Stop Loss 830, target 870

Ganesh Dongre, Senior Manager – Technical Research, Anand Rathi

buy hdfc 2,580, stop loss 2,550, target 2,630

buy cipla at 890 stop loss 860, target 930

Sumeet Bagadia, Executive Director, Choice Broking

buy mgl 979 stop loss 960, target 1020

Buy at Chola Fin 732.1 stop loss 715, target 760

Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher

Buy Indian Hotels at $312 with a stop loss of $307 and a target of $322. Buy MGL at $979 with a stop loss of $966 and a target of $1,012. Buy Cummins at $1,612, with a stop loss of $1,594, and a target of $1,644.

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