Daily actions: The strong bearish momentum continued in the Indian stock market on Thursday. NSE Nifty lost 133 points and closed at 17,764 while BSE Sensex lost 372 points and closed at 59,636 levels. According to stock market experts, Nifty is now placed on the edge of the ascending trendline support, which is linked to previous lows at 17,750 levels. This is not a good sign and signals a possibility of a downside breakout of short term trendline support.
NSE Nifty Daily Trading Guide
Unveiling of the intraday trading strategy for Monday; Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, “Nifty’s short-term trend continues to be weak. that could open a larger downward correction to 17,200 to 17,100 levels over the next few weeks. Any attempt at a bullish rebound from here could find resistance around 17,850 to 17,900 levels. “
Day trading stocks to buy today
Intraday Stock Sharing for Today’s Session, Stock Market Experts – Sumeet Bagadia, Executive Director of Choice Broking; Rohit Sigre, Senior Technical Analyst at LKP Securities; Parth Nyati, founder of Tradingo; Ravi Singhal, vice president of GCL Securities, Ravi Singh, head of research and vice president of ShareIndia and Manoj Dalmia, founder and director of Proficient Equities Limited – recommended 10 stocks to buy today.
Sumeet Bagadia intraday actions for today
1]Strides Pharma Science or STAR: Sell to CMP, target ??480 to ??470, stop loss ??510
2]State Bank of India: Buy from CMP, target ??515 to ??520, stop loss ??490
Ravi Singhal’s action of the day
3]BPCL: Sell around ??406, target ??388, stop loss ??412
Parth Nyati shares to buy or sell today
4]Axis Bank: Sell Axis Bank around ??706, target ??685, stop loss ??715
5]BSE: Buy around ??1603, target ??1675, stop loss ??1565
Ravi Singh’s stock picks for Monday
6]Aarti Industries: Sell around ??980, target ??950, stop loss ??1000
7]Bata India: Sell around ??2160, target ??2080, stop loss ??2180
Rohit Sigre stock to buy today
8]Varun or VBL drinks: Buy around ??947, target ??970 to ??985, stop loss below ??930
Manoj Dalmia’s intraday shares for Monday
9]Textiles and industries of Sutlej: Buy on ??77, target ??89, stop loss ??72
10]Engineering company Elecon: Buy on ??179, target ??197, stop loss ??172.
Disclaimer: The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.
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