Wednesday’s Daily Trading Guide: After seeing a smart bullish bounce from Monday’s lows, the upside momentum continued with a range-limited movement in the Indian stock market on Tuesday. Nifty 50 gained 147 points and closed at 17233 levels while BSE Sensex rose by 477 points and closed at 57897 levels. Nifty Bank added 125 points and closed at 35,183 levels. According to stock market experts, the current market pattern indicates the continuation of the upward trend.
Daily stock market trading guide today
Speaking in Nifty’s Day Trading Guide today; Nagaraj Shetty, Technical Research Analyst, HDFC Securities, said: “The market has strongly continued to the upside and the general chart pattern indicates that Nifty may break the next important resistance at 17,350 in the short term. Thus, any decline from the day’s highs should That NSE Nifty be seen as a buying opportunity, as the immediate support for NSE Nifty is placed at 17.120 levels.”
Reveal the Nifty Bank Indicator Intraday Trading Strategy; Ruchit Jain, Lead Research at 5paisa.com, said, “Bank Nifty has underperformed the benchmark thus far, but is hovering around the critical resistance at 35,500. If the index gives a break above this resistance, we can see a catch-up movement in banking stocks. to cover poor performance.
Stock trading day for today
Sharing intraday shares to buy or sell today, stock market experts – Sumit Bajjadia, CEO at Choice Broking and Avinash Gurashkar, Head of Research at Profitmart Securities – recommended a buy of 3 shares on Wednesday.
Stock trading on the day of sumit bhagadia
1]Sun Pharma: Buy in CMP, the goal R840 to R8850, stop loss R790
2]Cummins India Ltd or CumminsIND: Buy in CMP, the goal R960 R980, stop loss R920
Avinash Gorakshkar’s trading share for Wednesday
3]Asian paints: buy around R3368 Objective R3425, stop loss R3340.
Disclaimer: The opinions and recommendations above are those of individual analysts or brokerages and are not issued by the mint.
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