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Day Trading Guide for Wednesday

The Indian stock market saw a sustained rebound recovery from the lows on Tuesday after showing severe weakening in recent sessions. The NSE Nifty gained 86 points to close at 17,503 points, the BSE Sensex gained 198 points to close at 58,664 points, and the Nifty Bank index gained 144 points to close at 37,272 points. The current market pattern, according to stock market specialists, implies a pullback rise at Dalal Street.

IT was the only sector to end in the red on a day when volumes on the NSE were higher than the previous norm. The most significant gains were seen in the real estate, electricity, metals, and telecommunications indices. The mid-cap and small-cap indices outperformed by 1.6 and 1.8 percent, respectively.

Day trading guide on NSE Nifty

Nagaraj Shetti, Technical Research Analyst at HDFC Securities, stated, “We are releasing our day trading advise for Wednesday.” “Nifty’s short-term downtrend appears to have come to an end on Tuesday, with a sustained upside bounce. A decisive move simply above the 17,750 to 17,800 levels might turn the negative trend setting into a positive one, and additional upside movement could be expected. The NSE Nifty has immediate support at 17,220 levels. Any feeble upside bounces in the next 1-2 sessions could send the Nifty down to its current low of 17,200.”

Day trading stocks to buy today

Stock market specialists Rohit Singre, Senior Technical Analyst at LKP Securities; Ravi Singh, Head of Research & Vice President at ShareIndia; and Parth Nyati, Founder at Tradingo — shared intraday stocks for today, recommending 7 stocks to buy or sell.

Rohit Singre’s intraday stocks for today

  • Polyplex Corp: Buy at ₹1728, target ₹1770 to ₹1800, stop loss below ₹1700
  • FDC: Buy at ₹284, target ₹290 to ₹295, stop loss below ₹279
  • Fine Organic Industries Ltd: Buy at CMP, target ₹3700 to ₹3750, stop loss below ₹3580

Parth Nyati’s shares to buy today

  • Bharti Airtel: Buy at CMP, target 775, stop loss 750
  • Cipla: Buy at CMP, target 930, stop loss 899

Ravi Singh’s day trading stocks for today

  • GAIL: Buy at 137, target 145, stop loss 134
  • Adani Ports: Buy at 725, target 740, stop loss 715.

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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