4 stocks to buy or sell today — February 25

Today’s trading guide for Friday: Due to news feeds from Russia invading Ukraine, the Indian stock market witnessed a bloodbath during Thursday’s trading session. The Indian secondary market remained under pressure throughout the day and selling accelerated in the past hour to end the day with major benchmarks down nearly 5%. NSE Nifty recorded its second worst day since March 2020 as the 50-stock index crashed 815 points and closed at 16,247 while BSE Sensex fell 2,702 points and closed at 54,529. Bank Nifty index ended down 2163 points at 35,228 levels. The India VIX surpassed the 32 mark, which was last seen in June 2020.

On Wall Street Thursday, Dow Jones added 92 points and closed at 33,223 levels while the Nasdaq finished 436 points at 13,473 levels.

Guide to day trading: which global signal cues?

Expect a flat opening in the Indian stock market today; Anuj Gupta, Vice President of IIFL Securities, said: “US markets ended in green territory yesterday while SGX Nifty is also up today, so we can expect a flat open with a negative bias. in the Indian stock market today. Traders should continue to monitor new developments in the Russia-Ukraine crisis and avoid taking positions based on speculation.”

Advising traders to keep an eye on new developments in the Russia-Ukraine crisis and exercise caution; Mohit Ralhan, Managing Partner at TIW Capital Group, said: “The equity market has fallen as investors assess the impact of the Russia-Ukraine crisis. Russia has launched military action targeting Ukraine’s military infrastructure and this could lead to a larger scale invasion of Ukraine with the risk that the United States and Europe will also be militarily involved. It’s time to be extra cautious in the markets and the best course of action seems to be to wait and watch for a clearer picture to emerge.”

Daily trading guide for the stock market today

Speaking on day trading guide for Nifty today; Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said: “The formation of consistent lower highs, repeated testing of important lower supports eventually led to a sharp decline in Nifty. The current decline may continue in the short term and the Nifty could slide down to 15,900 levels before showing a slight bounce up from the lows.”

Ruchit Jain, Head of Research at 5paisa.com said: “Technically 16800 was the breakthrough level, which was broken with a lower open and therefore the trend turned negative. The sell-off trail towards the last hour indicates signs of panic and The Indian VIX has broken above the 32 mark, which was last seen in June 2020. Immediate supports for NSE Nifty are now around 16,000 followed by 15,800, while 16,500 and 16,800 would now become resistance on pullback moves. Continue to avoid aggressive positions and better keep a wait-and-see approach for a while.”

Speaking at significant levels with respect to the Nifty Index and Bank Nifty; Sumeet Bagadia, Executive Director of Choice Broking, said: “Nifty is trading in a small range of 16,000-16,400 while its wider range for today is 15,800-16,600. Similarly, the small range for Bank Nifty today is 34,700-36,000 while its wider range is 34,500-36,300.”

Day trading stocks

Sharing the day trading stocks for today, stock market experts – Sumeet Bagadia of Choice Broking and Anuj Gupta of IIFL Securities – recommended 4 stocks to buy or sell today.

Sumeet Bagadia day trading stocks

1]Lupine: sell to CMP, objective 680, stop loss 740

2]Container Corporation of India or CONCOR: sell to CMP, target 540 to 530, stop loss 575

Anuj Gupta Intraday Stocks for Today

3]State Bank of India or SBIN: sell to CMP, target 440, stop loss 505

4]Bharti Airtel: Buy from CMP, objective 710, stop loss 648.

Warning: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

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