Day Trading Stocks: The bullish trend in the Indian stock market continued for the seventh consecutive session on Monday. Amid minor volatility, the NSE Nifty closed 138 points higher at 18,477 after making a new all-time high of 18,543. The BSE Sensex closed 459 points higher at 61,765 while the Bank Nifty index ended 343 points higher at 39,684. According to market experts, the current pattern is indicating a top reversal. Hence, trading long positions need to be protected with proper stop loss.
The day when the volume on NSE exceeded ₹1 lakh crore mark; Power, metals and IT were the major sectoral gainers while healthcare and telecom were the main losers. The broader indices BSE Small-cap and Mid-cap rose 0.7 per cent and 1 per cent, respectively.
trade view on nifty
Unveiled the day trading guide and intraday trading strategy for Tuesday; Nagraj Shetty, Technical Research Analyst, HDFC Securities said, “Short term trend of Nifty remains positive. Overall chart pattern Long positions require caution and another round of short term weakness from higher levels is likely. Expected Weakness could be buying on dips opportunity for near term. A sustained move above 18,650 is likely to end this negative signal. Immediate support for NSE Nifty has been placed at 18,350 levels.
day trading stocks to buy today
Sharing the intraday stocks for today, stock market experts – Sumeet Bagdia, Executive Director, Choice Broking; Mudit Goyal, Senior Research Analyst at SMC Global Securities; Rohit Singre, Senior Technical Analyst, LKP Securities; Ravi Singhal, Vice Chairman, GCL Securities; Dr Ravi Singh, Head of Research and Vice President, Share India and Manoj Dalmiya, Director and Founder, Proficient Equities Pvt Ltd, recommended 8 intraday stocks for today.
Today’s Intraday Stock of Sumeet Bagadiya
1]HDFC Life: buy speed on cmp, target ₹725, stop loss ₹690
2]LIC Housing Finance: Buy on CMP, Target ₹475 to ₹480, stop loss ₹440
mudit goyal stock today
3]TCS: Buy on CMP, Target ₹3700, stop loss ₹3610
Will buy shares of Rohit Singre today
4]Aditya Birla Fashion & Retail Limited or ABFRL: Buy on CMP, Target ₹from 290 ₹300, stop loss below ₹261
5]Asian Paints: Buy on CMP, Target ₹from 3300 ₹3330, stop loss down ₹3210
Ravi Singhal Day Stock Picks
6]IDFC First Bank: buy around ₹51, target ₹54, ₹56 more ₹58, stop loss ₹49
Ravi Singh Day Trading Stocks
7]Thyrocare: buy on ₹1160, target ₹1185, stop loss ₹1148
Manoj Dalmiya share for intraday trade
8]TD Power System: buy on ₹373, target ₹398, stop loss ₹363.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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