Day trading guide for today: The Indian stock market gained momentum again on Thursday, following strong global cues on possible pause in interest rate by the US Federal Reserve. The NSE Nifty closed at a four-month high of 18,255, up 165 points, while the BSE Sensex climbed 555 points to close at 61,749. The Nifty Bank index rose 372 points and closed at 43,685. In the broader markets, the small-cap index rose 0.83 per cent, while the mid-cap index rose 0.82 per cent. The advance drawdown ratio remained high at 2.25:1.
Day trading guide for stock market today
speaking on the outlook for smelly Today, Nagaraj Shetty, Technical Research Analyst, HDFC Securities, said, “Nifty is now set to witness a bullish upside breakout of the crucial resistance area around 18,200 to 18,300 levels. Hence, a decisive move above this area would signal the next upside.” May open target. Around 18,600 to 18,700 levels in near term. Immediate support for NSE Nifty is placed at 18,150 to 18,100 levels.
Rohan Patil, Technical Analyst, SAMCO Securities, said on Bull vs Bear trade setup for today, “Bulls continued to exercise control in Indian markets as prices are trading in higher higher higher bottom structure on daily time frame. Strong candle formation. Inverted head and shoulders pattern on the daily chart after the breakout indicates that the market is in no mood to test its breakout levels again. The momentum oscillator RS(14) has moved above the 70 levels which shows convergence in the trend. .
Unveiling the intraday trading tips for Friday, SAMCO Securities expert said, “We will still consider buying the index on every dip as the trend is our friend and currently the trend is on the higher side.”
day trading stocks for today
On intraday stocks for today, Stock Market Experts – Sumeet Bagadia, Executive Director, Choice Broking; Anuj Gupta, Vice President – Research at IIFL Securities And Ganesh Dongre, Senior Manager – Technical Research – recommended six day trading stocks for Friday and the stocks to buy or sell for today are Reliance Industries Limited or RIL, Ciplatcs, computer age management services or CAMS, JK Tire and Delta Corp,
Buy or Sell Sumeet Bagadia shares for today
1]Cipla: Buy on CMP, Target since 950 960, stop loss 920
2]Reliance Industries Ltd or RIL: Buy on CMP, target 2500, stop loss 2410
Buy or sell Ganesh Dongre stocks
3]TCS: Buy on 3220, Target 3300, stop loss 3170
4]CAMS : Buy on 2062, target 2130 stop loss 2030
Anuj Gupta’s Day Trading Stocks for Friday
5]JK Tyre: Buy at CMP, Target 205, stop loss 184
6]Delta Corp: Buy, target CMP 222, stop loss 207.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.
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