Day trading guide for today: Benchmark equity indices Sensex and Nifty closed with losses for the second day on Tuesday led by profit-booking in select banking, power and FMCG stocks amid mixed global markets and foreign fund outflows. A fall in key indices Reliance Industries, HDFC Bank and ICICI Bank also weighed on sentiment.
Reversing its early gains, 30-share BSE Sensex It closed at 59,727.01, down 183.74 points or 0.31 percent. During the day, it hit a low of 59,579.30, down 331.45 points or 0.55 per cent.
The broader NSE Nifty closed 46.70 points, or 0.26 per cent, lower at 17,660.15 as 29 stocks declined while 21 advanced. After gap-up opening, the index moved in a range of 17,766.60 to 17,610.20 during the day.
“After witnessing a rally in the last few trading sessions, Nifty is now consolidating in a range in the absence of any major domestic cues. Focus will now shift to global cues with major US banks and tech companies reporting their earnings. Will announce.” said Siddharth Khemka, Head – Retail Research, Motilal Oswal.
day trading stocks to buy today
on intraday shares For today, Stock Market Experts – Sumeet Bagadia, Executive Director, Choice Broking; Anuj Gupta, Vice President – Research at IIFL Securities and Jigar Patel, Senior Technical Analyst at Anand Rathi recommended six day trading stocks for today.
Trading Stocks for the Day Wednesday by Anuj Gupta
1) IDFC First Bank: Buy at CMP, target 64, stop loss 52
2) Ashok Leyland: Buy at CMP, Target 148, Stop Loss 133
Today’s rise in Jigar Patel’s shares
1) TorrentPower: Buy on 530, target 545 stop loss 515
2) Relaxo: Buy on 817, target 835 stop loss 805
Sumit Bagadia’s shares will be bought today
1) SRF: Buy at CMP, Target 2550-2600, stop loss 2430
2) MFSL: Buy at CMP, Target 670-680, stop loss 632
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 taking any investment decision,
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