Day Trading Guide for Tuesday: After showing range-bound momentum in the past few sessions, the Indian stock market failed to breakout on an upside breakout on Monday as it slipped from higher to weaker. The Nifty 50 closed at 17,368, down 143 points, while the BSE Sensex closed 53 points down at 58,283. According to stock market experts, there is a possibility of some more downside before the bounce again from the upper low levels.
The day when the volumes on NSE were higher than the recent average; Realty, oil and gas, telecom and FMCG indices were the biggest losers, while consumer durables ended barely in the green. The BSE small-cap index closed with a gain of 0.24 per cent while the mid-cap index closed with a fall of 0.53 per cent.
day trading guide for nifty today
Speaking on the day trading strategy for Tuesday; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “The positive chart pattern like up and down on the daily chart remains intact and any weakness from here could turn into a buying opportunity for a downside. Long term trend remains negative as per the weekly chart. Immediate support for NSE Nifty is placed at 17,200 level and any bounce from current levels may find resistance at 17,600 level.
day trading stocks to buy today
Sharing the day’s trading stocks for today’s trading session, stock market experts – Sumeet Bagadia, Executive Director, Choice Broking and Manoj Dalmiya, Founder and Director, Proficient Equities Ltd, recommended 4 stocks to buy today.
Sumeet Bagadiya Day Trading Stocks
1]Tech Mahindra: Buy on CMP, Target 1700, stop loss 1600
2]KPR Mill: Buy on CMP, Target 575, stop loss 530
day trading stock of manoj dalmiya
3]TTK Prestige: buy on 11750, target 12560, stop loss 11457
4]Max Healthcare: buy around 400, target 429, stop loss 392.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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