Day Trading Stocks: The decline in the Indian stock market continued for the second consecutive session on Wednesday. NSE Nifty closed 100 points lower at 17,898 while BSE Sensex lost 314 points to close at 60,008 level. According to stock market experts, the current market pattern indicates that selling opportunities are increasing and the weakness in the past few sessions has consolidated.
The day when the volumes on NSE were in line with the recent average; Auto and Power indices were the biggest gainers while Realty, Oil & Gas and Telecom indexes were the biggest losers. The Midcap index closed down 0.21 per cent, while the Smallcap index closed flat.
trade view on nifty
Opening Day Trading Guide for Today; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Short-term trend of Nifty is down and bears are actively participating in the market. The next important support for bulls in NSE Nifty is near 17,750 and a move below this zone. A sharp weakness is likely to open in the short term. Moderate upside from lower support in Nifty cannot be ruled out in the near term.”
day trading stocks to buy today
Sharing the intraday stocks for today, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking; Partha Nyati, Founder, Tradingo; Ravi Singhal, Vice Chairman, GCL Securities and Ravi Singh, Head of Research and Vice President, ShareIndia, made 6 buy recommendations today.
Sumit Bagadiya trading stock today
1]Asian Paints: Buy on CMP, Target from 3350 3400, stop loss 3140
2]Tech Mahindra: Buy on CMP, Target from 1650 1675, stop loss 1580
Ravi Singhal’s Day Stock
3]Birlasoft: buy on 475, target 500, stop loss 466
Ravi Singh’s Stock Pick for Thursday
4]Thyrocare Technologies: buy on 1210, target 1240, stop loss 1190
Will buy shares of Ravi Singh today
5]Hindustan Zinc: buy on 332.65, target 343, stop loss 326
6]Greaves Cotton: buy on 149.50, target 160, stop loss 143.50.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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