Day Trading Guide for Thursday: After the gap-up opening on Wednesday, the Indian stock market closed in the red zone as major benchmark indices witnessed profit-booking at intraday highs. The Nifty 50 index fell 19 points to end at 16,240 while the BSE Sensex lost 109 points to end at 54,208. Nifty Bank index closed 138 points lower at 34,163.
according to this Share Market Though Nifty fell from higher levels, advances outperformed the decliners on Wednesday, where the advances downside ratio stood at 1.32 on the BSE. For the last three consecutive sessions, the forward decline ratio has been positive. FII has started covering shorts in the index futures segment which bodes well for the markets to come. He added that unless the crucial support of 16,071 is broken, Nifty is poised to see another pullback rally in the near future.
day trading guide for stock market today
Speaking today on the intraday trading strategy for Nifty, Nandish Shah, Deputy Vice President, Retail Research, HDFC Securities said, “Support for Nifty has now reached 16,000 levels while resistance is seen around 16,400 levels, Then there is the gap empty. Zone of 16,484 to 16,551. Traders are advised to keep Nifty long position with 16,000 stop loss on closing basis.
day trading stocks
Sharing the intraday stocks for today, stock market expert – Mehul Kothari, AVP – Technical Research at Anand Rathi; Anuj Gupta, Vice President – Research at IIFL Securities; Rohit Singre, AVP – Research at Bonanza Portfolio and Avinash Gorakshakar, Head of Research at Profitmart Securities – gave a buy or sell recommendation of 7 stocks today.
Will buy day trading shares of Mehul Kothari today
1]Aurobindo Pharma: Buy in between from 550 560, target 625, stop loss 520
2]Indus Towers: Buy in the middle from 195 200, target 218, stop loss 187
Today’s Intraday Stock of Anuj Gupta
3]Adani Power: Buy on CMP, Target 305, stop loss 278
4]Tata Teleservices (Maharashtra) Limited or TTML: Buy on CMP, Target 155, stop loss 128
Rohit singre stock today
5]Gujarat Gas: Purchasing speed on CMP, target 610, stop loss 560
Buying in the shares of Avinash Gorakshakar today
6]Godrej Consumer Products: Buy at CMP, Target 880, stop loss 810.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.