4 stocks to buy or sell today — February 10
Today’s trading guide for Thursday: After showing bullish movement with high volatility on Tuesday, the Indian stock market experienced a strong bullish rebound on Wednesday and closed in green territory for the second consecutive session. NSE Nifty finished up 197 points at 17,463 while BSE Sensex climbed 657 points and closed at 58,465 levels, Bank Nifty index also at 581 points and ended at 38,610 levels. According to stock market experts, the upward opening gap in the market is still not closed. They said there might be more short-term benefits.
Day Trading Guide: What the Global Signals Signal
Speaking on the day trading strategy for today; Anuj Gupta, Vice President of IIFL Securities, said: “Dow Jones Futures ended in positive territory for the second consecutive session on Wednesday and SGX Nifty is up around 38 points today at 17,522 levels. , indicating a positive open for Indian markets.I would recommend buying on the dips and suggest investors keep an eye on the Dow Jones Futures today as it is trading in a tight range from 35,420 to ₹35,900 while the wider range for Dow Futures is 35,180 to 36,140.”
Sharing an important range for SGX Nifty, IIFL’s Anuj Gupta said, “The small range of SGX Nifty today is 17,350-17,700 while a wider range of SGX Nifty is 17,100-17 950. sessions.”
Daily trading guide for the stock market today
Day Trading Guide for Nifty Today; Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “Nifty’s short-term trend reversed after Tuesday’s bullish candlestick pattern. The overall chart pattern indicates a likelihood of weakness from the lower upper formation below the 17,800 levels. Immediate support for NSE Nifty is placed at 17,350.
Sharing significant levels regarding Nifty and Bank Nifty; Sumeet Bagadia, Executive Director of Choice Broking, said, “For high-risk traders, the short Nifty range is 17,300-17,550 while the wider NSE Nifty range is 17,200-17,600. Similarly, Bank Nifty’s short range is 38,100 to 38,800 while Bank Nifty’s wider range is 37,700 to 39,300.”
Day trading strategy
Unveiling of the intraday trading strategy; Ruchit Jain, Lead Research, 5paisa.com said: “Whether the move up from current levels is a sharp move or a gradual one is a tough decision to make at this time. But since we’ve already seen a decent moment-wise correction as well, this is a good opportunity for traders to look for delivery-based buying opportunities. For the upcoming session, the market may experience higher intraday volatility due to the outcome of the RBI policy. But until the 17000 support is intact, now look for buying opportunities on the intraday lows.”
Day trading stocks to buy today
Sharing the day trading stocks for Thursday, stock market experts Sumeet Bagadia of Choice Broking and Anuj Gupta of IIFL Securities recommended 4 stocks to buy today.
Sumeet Bagadia day trading stocks
1]UPL: Buy from CMP, objective ₹790 to ₹800, stop loss ₹750
2]Pidilite Industries or PIDILITE: Buy from CMP, objective ₹2600 to ₹2650, stop loss ₹2380
Anuj Gupta’s trading actions for today
3]Shree Renuka Sugars: Buy from CMP, objective ₹44, stop loss ₹34
4]Federal Bank: Momentum buy at CMP, objective ₹110, stop loss ₹94.
Warning: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.
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