Following a sharp drop (day trading) on Monday, the Indian stock market made a strong return on Tuesday, closing the day in the green. The Nifty-50 index gained 264 points to settle at 17,176, while the BSE Sensex gained 886 points to close at 57,633. The Bank Nifty index, meanwhile, gained 882 points to settle at 36,618. Stock market specialists believe that the present trade pattern signals the construction of an inside day type formation, which might have a beneficial impact in the following sessions.
The NSE’s volume was lower than the recent norm. There were no sectoral losers, with real estate, metals, and banking leading the gainers. The BSE Mid-cap and Small-cap indices both rose 1.1 percent and 1.3 percent, respectively, underperforming marginally.
Day trading guide for Nifty today
Nagaraj Shetti, Technical Research Analyst at HDFC Securities, revealed the intraday trading plan for today’s session “Bulls may be encouraged by the significant upside bounce in Tuesday’s session as they attempt to recover from the lows. However, the current uptick in price could be fleeting, and selling pressure could emerge from the critical overhead resistance of 17,550 to 17,600 on the NSE Nifty in the near future.”
Day trading stocks to buy today
Stock market experts Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singhal, Vice Chairman at GCL Securities; Ravi Singh, Head of Research & Vice President at ShareIndia; Manoj Dalmia, Founder & Director at Proficient Equities Limited; and Parth Nyati, Founder at Tradingo — shared day trading stocks to buy today for today’s trade session.
Sumeet Bagadia’s day trading stocks
- Federal Bank: Buy at CMP, target ₹93 to ₹95, stop loss ₹87
- Hindalco Industries: Buy at CMP, target ₹460 to ₹470, stop loss ₹421
Ravi Singhal’s stock of the day
- Bajaj Finserv: Buy at CMP, target ₹17500 to ₹17750, stop loss ₹16999
Parth Nyati’s day trading stocks for today
- ICICI Bank: Buy at CMP, target ₹747, stop loss ₹728
- Ashok Leyland: Buy at ₹122.50, target ₹126, stop loss ₹120
Ravi Singh’s stock pick of the day
- Torrent Power: Buy at ₹580, target ₹605, stop loss ₹570
Manoj Dalmia’s intraday stocks for today
- Ramky Infrastructure: Buy around ₹211, target ₹233, stop loss ₹198
- Oricon Enterprises: Buy at 36.50, target ₹44, stop loss ₹33.50.
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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