Day trading stocks on Budget 2023 date: Indian stock market recovered from morning losses and closed in positive territory on Tuesday session. The NSE Nifty ended 13 points higher at 17,662 while the BSE Sensex closed 49 points higher at 59,549. Bank Nifty closed at 40,655, up 267 points. Broader market indices rose even more than the Nifty while the advance/decline ratio jumped to 3.28:1.
According to stock market experts, smelly It is expected to remain range-bound till the Budget 2023 is presented. Breach of the high or low level of the range will detect a bullish or bearish trend in the market after the budget. He advised traders and investors to know the pivot levels of the markets as the market is expected to remain volatile on the date of Budget 2023 i.e. 1st February 2023.
Day trading guide for stock market today
Deepak Jasani, Head of Retail Research unveiling the intraday trading strategy for the Wednesday session HDFC Securities said, “Nifty has recovered well from morning’s low. It also formed higher as compared to previous session. We have Union Budget today and Nifty may stay in 17,542 to 17,760 band in near term.” Breach of this. The band may turn transitory on Budget day. Volume and continuation below/above these levels will be important to watch.”
Ruchit Jain unveils a wide range for traders, lead Research at 5paisa.com said, “Today, entire focus will be on Union Budget announcements as participants will expect a score of positive announcements. Technically, Nifty index is trading lower in 17400-17350 range. On the other hand, 17750-17800 will be seen as immediate resistance which was recently broken support. Above this, 17930-18000 will be the next resistance to watch.”
Ruchit Jain said that volatility may remain high and hence traders should trade with proper risk management.
day trading stocks to buy today
Unveiling the 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 at Anand Rathi – listed 6 stocks to buy ahead of Budget 2023.
Sumit Bagadia’s shares will be bought today
1]Canara Bank: Buy on CMP, Target from 315 320 stop loss 290
2]Manappuram Finance: Buy on CMP, Target 120 more 124, stop loss 110
Anuj Gupta’s stock is up budget 2023 date
3]Federal Bank: Buy on CMP, Target 145, Stop Loss 127
4]Ashok Leyland: Buy on CMP, Target 158, Stop Loss 142
ganesh dongre intraday stock for today
5]REC: buy on 122, Lakshya 127, Stop Loss 117
6]Eicher Motors: buy on 3264, target 3400, stop loss 3200.
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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