The severe downward trend in the Indian stock market resumed on Thursday. The NSE Nifty fell 133 points to settle at 17,764, while the BSE Sensex fell 372 points to close at 59,636. According to stock market analysts, the Nifty is currently trading near the support of an ascending trend line that connects prior swing lows at 17,750 levels. This is not a favourable indication, and it indicates the possibility of a short-term negative breakout of the trend line support.

Day trading guide on NSE Nifty

Nagaraj Shetti, Technical Research Analyst at HDFC Securities, revealed the intraday trading plan for Monday “The Nifty’s short-term trend is still bearish. The overall bearish chart pattern on the daily and weekly charts suggests that the current major support level of 17,700 might be broken in the near term, perhaps triggering a broader downward correction to 17,200 to 17,100 levels in the coming weeks. Any attempt to bounce higher from here may run into resistance around the 17,850-17,900 levels.”

Day trading stocks to buy today

Sumeet Bagadia, Executive Director at Choice Broking; Rohit Singre, Senior Technical Analyst at LKP Securities; Parth Nyati, Founder at Tradingo; Ravi Singhal, Vice Chairman at GCL Securities, Ravi Singh, Head of Research & Vice President at ShareIndia; and Manoj Dalmia, Founder & Director at Proficient Equities Limited — shared intraday stocks to buy today.

Sumeet Bagadia’s intraday stocks for today

  • Strides Pharma Science (STAR): Sell at CMP with a target of 480 to 470 and a stop loss of 510.
  •  State Bank of India: Buy at CMP, target 515 to 520, stop loss 490; buy at CMP, target 515 to 520; buy at CMP, target 515 to 520; buy at CMP, target 515 to 520; buy at C
  • The stock of the day, according to Ravi Singhal 3] BPCL: Sell around 406, with a target of 388 and a stop loss of 412.
  • Axis Bank: Sell Axis Bank at 706, target 685, stop loss 715. Parth Nyati’s stocks to buy or sell today
  • BSE: Buy around 16003 with a target of 1675 and a stop loss of 1565.

Monday’s stock picks from Ravi Singh

  •  Aarti Industries: Sell at Rs 980 with a target of 950 and a stop loss of 1000.
  • Bata India: Sell near 2160 with a goal of 2080 and a stop loss of 2180.

Buy Rohit Singre’s stock today

  • Varun Beverages (VBL): Buy near 947, objective 970-985, stop loss below 930.

Monday’s intraday stocks from Manoj Dalmia

  • Sutlej Textiles And Industries: Buy at 77 cents, aim 89 cents, stop loss 72 cents.
  • Elecon Engineering Company: Buy at 179 cents with a target of 197 cents and a stop loss of 172 cents.

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

The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

By The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

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