Day Trading Guide for Thursday: The Indian stock market broke its two-day winning streak on Wednesday due to weak global cues. The NSE Nifty closed at 17,646, down 176 points while the BSE Sensex closed at 59,189, down 555 points. Bank Nifty index closed 219 points lower at 37,521. On a day when volumes on the NSE were above the recent average, all sectoral indices ended in the red with metals, realty, healthcare and consumer durables adding to the pack. The S&P BSE Mid-cap index fell 1.2 per cent and the S&P BSE Small-cap index fell 0.5 per cent.
Day Trading Guide on Nifty
Intraday trading strategy for NSE Nifty unveiled; Deepak Jasani, Head of Retail Research, HDFC Securities, said, “Nifty has formed a lower top on a short term basis. It has also formed an attached top on the daily chart which has bearish signals. Weak advance downside ratio also leads to wide spread. Suggests Taking Profit. Even if the global markets show some correction, Nifty may again go into profit taking after a short recovery. Investors can take a part of their profits and raise cash, while traders are in dire straits You can keep the stop loss and short your position till sentiment improves.
day trading stocks for today
Sharing the intraday stocks for today, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking; Ravi Singhal, Vice Chairman, GCL Securities; Rohit Singre, Technical Research Analyst at LKP Securities; Dr. Ravi Singh, Head of Research and Vice President, Share India; Sandeep Matta, Founder of TRADEIT Investment Advisors and Manoj Dalmiya, Director and Founder, Proficient Equities Pvt Ltd – recommended 9 intraday stocks for today.
Today’s Intraday Stock of Sumeet Bagadiya
1]Tata Consumer Products: buy speed on cmp, target ₹from 840 ₹850, stop loss ₹799
2]Britannia Industries: Buy on CMP, Target ₹from 4050 ₹4100, stop loss ₹3825
Today will buy day trading shares of Sandeep Matta
3]HDFC Asset Management Company: buy on ₹2900, target ₹3000 to ₹3100, stop loss ₹2800
4]Ashok Leyland: buy on ₹130, target ₹137, stop loss ₹123
Ravi Singhal’s stock today
5]Reliance Industries: sell on ₹2570, target ₹2500, stop loss ₹2588
Will buy shares of Ravi Singh today
6]Bharti Airtel: sell on ₹695, Target ₹680, stop loss ₹700
7]Bharat Petroleum Corp Ltd or BPCL: buy on ₹445, Target ₹455, stop loss ₹442
Will buy shares of Rohit Singre today
8]Naveen Fluorine International Limited: Buy on CMP, Target ₹from 4100 ₹4150, stop loss down ₹3980
9]Piramal Enterprises Limited or PEL: buy on ₹cmp, target ₹from 2900 ₹2940, stop loss down ₹2805.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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