Day Trading Guide for Wednesday: After showing an excellent comeback on Friday, the Indian stock market on Monday displayed another attempt to bounce back sharply from intraday lows and closed the day in the green zone. NSE Nifty closed 135 points higher at 16,793 while BSE Sensex closed 388 points higher at 16,793 level. However, Bank Nifty lost 225 points and closed at 36,205. According to stock market experts, the current market pattern indicates volatility with a positive bias and hence ‘buying on dips’ should be the ideal strategy for intraday traders.
day trading guide for stock market today
Today speaking on Day Trading Guide for Nifty; Nagraj Shetty, Technical Research Analyst, HDFC Securities, said, “Short term trend of Nifty remains positive with range bound action. Any decisive breakout above 17,000 level in NSE Nifty could quickly drag Nifty towards 17,500 level However, the inability of the bulls to sustain above the 16,800 level may trigger another round of decline towards the 16,300 level in the near term.”
day trading stocks
Share market experts share today’s trading stocks — Sumeet Bagdia, Executive Director, Choice Broking; Avinash Gorakshakar, Head of Research, Profitmart Securities and Anuj Gupta, Vice President, IIFL Securities has a buy recommendation on 6 stocks today.
Today trading shares of Sumeet Bagdia will be bought
1]ICICI Bank: Buy on CMP, Target 760 to 775, stop loss 720
2]Larsen & Toubro: Buy Momentum on CMP, Target from 1875 1900, stop loss 1775
Intraday Trading Stocks of Avinash Gorakshakar
3]Hindalco Industries: Buy in MP, Target 600, stop loss 558
4]Tata Steel: Buy on CMP, Target 1260, stop loss 1195
Anuj Gupta’s Day Trading Shares for Wednesday
5]Axis Bank: Momentum buy on CMP, target 800, stop loss 699
6]Adani Wilmar: Buy on CMP, Target 430, stop loss 340.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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