Day Trade Guide for Thursday: Any rebound in reversing from the current position on Nide Nifty can find strong resistance around 17,350 to 17,400 levels, such as stock exchange analysts. (PTI)
Thursday Trading Guide: After posting consolidation on Tuesday, the Indian stock market fell into weakness on Wednesday’s high volatility and closed in negative territory. Nifty 50 lost 103 points and closed at 17,221 while BSE Sensex lost 329 points and closed at 57,788 levels. Nifty Bank lost 104 points and closed at 36,789 points. According to stock market experts, the current market trend signals the possibility of further weakness or consolidation in the coming sessions.
Share the day trading strategy for the stock market today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said, “Nifty’s short-term trend remains negative with volatility. Another decisive weakness from current levels could open lower levels of 17,000 to 16,900 in the near term. Any Short Term Bounce The rise in the current position on NSE Nifty may find strong resistance around the 17,350 to 17,400 levels.
Daily Stock Trading for Today Today, for daily stock trading for the Indian Stock Market, Stock Experts – Sumeet Bagadia, Executive Director of Choice Broking; Ravi Singhal, vice chairman of GCL Securities and Parth Nyati, founder of Tradingo, advised buying 5-day shares today.
Sumeet Bagadia’s day trading stocks
1] Kotak Mahindra Bank: Buy at CMP, target ₹2000, stop loss ₹1815
2] Maruti Suzuki India: Buy at CMP, target ₹7800 to ₹8000, stop loss ₹7400
Ravi Singhal’s stock of the day
3] Reliance Industries Limited or RIL: Sell at ₹2380, target ₹2360 to ₹2340, stop loss ₹2405
Parth Nyati’s day trading stocks to buy
4] CCL Products: Buy at ₹412, target ₹435, stop loss ₹401
5] Divi’s Laboratories: Buy at CMP, target ₹4700, stop loss ₹4525.
Disclaimer: The opinions and recommendations provided above are those of individual analysts or brokerage firms and not of Mint.