6 stocks to buy or sell today — February 17

Today’s trading guide for Thursday: After posting a sharp rise on Tuesday, the Indian stock market turned volatility to record highs on Wednesday and ended in red territory. BSE Sensex lost 145 points and closed at 57,996 while NSE Nifty lost 30 points and closed at 17,322. The Nifty Bank Index ended down 216 points at 37,953 levels.

On Wall Street, Dow Jones Futures and Nasdaq also ended lower after a volatile session on Wednesday.

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

Expect a flat open with a positive bias in the Indian stock market today; Anuj Gupta, Vice President of IIFL Securities, said, “Dow Jones Futures ended in the red zone on Wednesday while SGX Nifty is in the green zone today. This indicates that the Indian secondary market may open flat with a positive bias, but keep an eye on SGX Nifty. Live Index for further clues.”

Advising stock traders to keep an eye on the live SGX Nifty Index, Anuj Gupta of IIFL Securities said: “The small range for SGX Nifty today is 17,180 to 17,650. A bullish or bearish trend may be confirmed in the event of a break on either side of this small intraday range of SGX Nifty today.However, the broader range of SGX Nifty today is 16,800-17,900 levels.

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 short-term uptrend status remains intact and further rise above 17,490 should take Nifty towards immediate resistance at 17,650 levels. The failure of the bulls to hold the highs could lead to another round of downward corrections in the market.Immediate support for NSE Nifty is placed at 17200 levels.

Sharing a short and wide range of Nifty and Bank Nifty indices; Sumeet Bagadia, Executive Director of Choice Broking, said: “The small Nifty range today is 17,200-17,400 while the larger Nifty 50 index range is 17,100-17,500. 37,500 to 38,500 levels.”

Day trading stocks

Day trading stocks to buy today; 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.

Day trading in Sumeet Bagadia shares for today

1]Housing Development Finance Corporation or HDFC: Buy from CMP, objective 2500, stop loss 2290

2]Lupine: Momentum buy at CMP, objective 800 to 820, stop loss 750

Anuj Gupta day trades stocks for Thursday

3]Gael: Buy from CMP, objective 154, stop loss 129

4]ICICI Bank: Buy from CMP, objective 800, stop loss 744

Avinash Gorakshkar shares to buy today

5]Kotak Mahindra Bank: Buy from CMP, objective 1890, stop-loss 1800

6]IOC: Buy from CMP, objective 130, stop loss 117.

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