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Day Trading Guide for Monday

The previous week began on a gloomy note, with the market threatening to retest recent lows. The global markets, on the other hand, came to the rescue, and the gap up opening on Tuesday prompted short sellers to close their bets. The Indian stock market ended last week in the green zone after trading with a favourable tilt throughout the remainder of the week. The current market trend, according to stock market specialists, indicates range bound action ahead.

Day trading guide for Nifty today

According to stock market experts, the NSE Nifty’s range-bound movement at the crucial 17,550-17,600 levels could be an encouraging sign for the bulls to make a comeback. As a result, this consolidation movement at the key resistance could lead to an upside breakout of the resistance in the near future.

Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said in response to a question on day trading tips for today’s stock market: “The Nifty 50’s short-term trend remains range-bound. The lack of selling pressure at the key resistance level could imply a larger likelihood of a spectacular upside breakout in the short term. The NSE Nifty has immediate support between 17,400 and 17,380.”

Day trading stocks for today

Stock market gurus Sumeet Bagadia, Executive Director at Choice Broking; Manoj Dalmia, Founder & Director at Proficient Equities Limited; and Parth Nyati, Founder at Tradingo — shared a list of day trading stocks to buy or sell for today’s sessions.

Sumeet Bagadia’s day trading stocks

  • Godrej Properties: Buy at CMP, target 2170 to 2200, stop loss 2025
  • Jammu & Kashmir Bank: Momentum buy at CMP, target 41 to 43, stop loss 37

Manoj Dalmia’s stocks to buy today

  • Siemens: Buy around 2450, target 2647, stop loss 2378
  • Apl Apollo: Buy around 988, target 1067, stop loss 961

Parth Nyati’s stock picks for Monday

  • Minda Industries: Buy at 942, target 970, stop loss 925
  • State Bank of India or SBI: Buy around 495, target 510, stop loss 488.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of The Shining Media.

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