6 stocks to buy or sell today — February 16

Today’s trading guide for Wednesday: After posting strong selling on Monday, the Indian stock market had an excellent rebound on Tuesday and closed the day with strong gains. The Nifty 50 index recorded a gain of 509 points and closed at 17,352 while the BSE Sensex soared 1,736 points and ended at 58,142 levels. The Bank Nifty index jumped 1261 points and closed at 38,170 levels. According to market experts, the current trend indicates a counterattack from the bulls from the lower levels. All of Monday’s loss was recouped on Tuesday and Nifty closed higher. Monday’s huge opening downside gap was completely filled at 17,375 levels.

Today’s Trading Guide for Wednesday: Which Signal from Global Signals?

Speaking about what global signals signal; Anuj Gupta, Vice President of IIFL Securities, said: “After an easing of the war situation between Russia and Ukraine, Dow Jones Futures ended in green territory and SGX Nifty opened today in The positive zone These global signals point to a positive start for the Indian stock market today and we can expect a counterattack from the bulls in the intraday session with expectations for a “V” shaped recovery.

Anuj Gupta from IIFL Securities advised intraday traders to keep an eye on the SGX Nifty Live Index as it is trading in a short range of 17,180-17,650 while its wider range is 16,800-17,900. said the breakout on either side of the range should be seen as a bullish or bearish trend indicator in the Indian stock market.

Daily trading guide for the stock market today

Speaking on day trading guide for Nifty today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said: “Nifty’s strong comeback on Tuesday could be encouraging for the bulls to come back. But, sustainability is going to be important at the higher levels. Any weakness below from the last the lower top of 17,640 could bring the bears in. Immediate support for NSE Nifty is placed at 17,200 levels.

Tell intraday traders to keep major levels in mind; Sumeet Bagadia, Executive Director of Choice Broking, said, “High-risk traders can stick with an NSE Nifty range of 17,200-17,450 while a wider NSE Nifty range is 17,100-17,500. a shorter Bank Nifty range is 37,700 to 38,300 the index is 37,500 to 38,500.”

Unveiling of the day trading strategy for the stock market today; Ruchit Jain, Head of Research at 5paisa.com, said, “Traders are advised to look for stock-specific opportunities and trade with proper risk management.”

Day trading stocks to buy today

Sharing the day trading stocks for today’s session, stock market experts – Sumeet Bagadia of Choice Broking, Anuj Gupta of IIFL Securities and Avinash Gorakshkar, Head of Research at Profitmart Securities – recommended 6 stocks to buy today.

Sumeet Bagadia day trading stocks

1]DLF: Buy from CMP, objective 390 to 400, stop loss 355

2]Wipro: Buy from CMP, objective 580 to 600, stop loss 541

Anuj Gupta’s intraday stocks to buy today

3]Tata Power: Momentum buy at CMP, objective 252, stop loss 214

4]Adani Wilmar: Buy from CMP, objective 420, stop loss 358

Avinash Gorakshkar shares to buy today

5]Axis bank: Buy from CMP, objective 825, stop loss 780

6]Hindalco Industries: Buy from CMP, objective 558, stop loss 521.

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

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Garland K. Long