Day trading guide for Thursday: 6 stocks to buy or sell today — 28th April
Day trading guide for Friday: dragged by a weak Asian sentiment, Indian stock market ended in the red region on Wednesday. NSE NIFTY lost 162 points and closed at 174,038 while BSE Sensex fell 537 points and closed at the level of 56M819. The Nifty Bank index fell 375 points and closed on the 36,028 sign. The volume in NSE is slightly higher than the new average, but the ratio of down payment decreases is very negative. The BSE Mid-Cap index fell 0.88 percent while the small capitalization index fell 0.61 percent. According to stock market experts, the current pattern shows doubt in the market market at a lower level.
Speaking of intraday trading strategies in connection with today’s nifty, Nagaraj Shetti, technical research analyst at HDFC Securities said, “The market shows the movement of one -day -down and down formation. height high in downside. Support for the 50 nifty index at 16,800 seems to be an important base of a long position. Direct resistance for NSE NIFTY is placed at 17,150 levels. ”
Ruchit Jain, the main research at 5Paisa.com said, “Volatility in the global market has caused many uncertainty for our market as well. The nifty index has been traded with movements on both sides in the area of 16,800 to 17,400 in the last few sessions. recently, 16,800 to 16,900 has become a range of important support because Nifty has succeeded Enough to show a continuous step when pullback is sold. “
“On the short -term graph, this new movement has caused the formation of a ‘triangular’ pattern on the time frame per hour and therefore, the escape of this is needed for each step of the direction. Being a monthly expiration day, will be interesting for it to attract to attract whether to see whether This escape took place in the upcoming session which can then adjust the momentum for the next May series. For the expiration day, the 17000 PUT option has the highest open interest that shows that the author of the option does not expect expiration below this level. If the market is sustainable below this during this daytime , there will be tensiles that can cause higher intraday volatility, “added Ruchit Jain. Advising traders to stay light and avoid aggressive positions, Ruchit Jain from 5Paisa.com said, “From a short-term perspective, the ‘triangle’ mentioned above gives a range of 16825-17200 and people must look for trading opportunities only post breakouts from this range. Above 17200 will then cause short-term setbacks to 17600 while violations under 16825 can cause sharp selling actions. Therefore, until there is an escape from the range of 16825-17200, it is advisable to remain light and avoid aggressive positions. “Sharing intraday shares for Today, stock market expert – Rajesh Bhosale, technical analyst at Angel One Ltd; Anuj Gupta, Vice President – Research at Iifl Securities; Mehul Kothari, AVP – Technical Research in Anand Rathi Stock & Stock Brokers and Avinash Gorakshkar, Head of Research at Profitmart Securities – Recommended 6 shares to be purchased today.
1] Apollo Tyres: Buy at ₹210.50, target ₹223, stop loss ₹204
2] TVS Motor: Buy at ₹686.60, target ₹716, stop loss ₹671
Anuj Gupta’s stock of the day
3] Axis Bank: Buy at CMP, target ₹815, stop loss ₹738
Mehul Kothari’s stock pick for today
4] Endurance Technologies: Buy around ₹1225 to ₹1235, target ₹1350, stop loss ₹1160
Avinash Gorakshkar’s intraday stocks for today
5] Jindal Steel: Buy at CMP, target ₹580, stop loss ₹520
6] Marico Limited: Buy at CMP, target ₹560, stop loss ₹515.
