Day trading guide for Tuesday: 8 stocks to buy or sell today — 19th October


Day trading stocks: The upside moves in the Indian stock market continued for the 7th consecutive sessions on Monday. Amid minor volatility, NSE Nifty closed 138 points higher at 18,477 after making a new all-time high of 18,543. BSE Sensex shot up 459 points and closed at 61,765 levels whereas Bank Nifty index surged 343 points and closed at 39,684 levels. According to market experts, current pattern indicates top reversals. Hence, trading long positions needs to be protected with appropriate stop loss.

On a day when the volumes on the NSE crossed 1 lakh crore mark; power, metals and IT were the main sectoral gainers while healthcare and telecom were the main losers. The broader indices BSE Small-cap and Mid-cap added 0.7 per cent and 1 per cent respectively.

Trade view on Nifty

Unveiling day trading guide and intraday trading strategy for Tuesday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The short term trend of Nifty remains positive. The overall chart pattern calls for caution for long positions and there is a possibility of another round of short term weakness from the higher levels. The expected weakness could be a buy on dips opportunity for the near term. A sustainable move above 18,650 is likely to nullify this negative indication. Immediate support for NSE Nifty is placed at 18,350 levels.”

Day trading stocks to buy today

Sharing intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities; Rohit Singre, Senior Technical Analyst at LKP Securities; Ravi Singhal, Vice Chairman at GCL Securities; Dr Ravi Singh, Head of Research & Vice President at Share India and Manoj Dalmia, Director & Founder at Proficient Equities Private Limited — recommended 8 intraday shares for today.

Sumeet Bagadia’s intraday stocks for today

1] HDFC Life: Momentum buy at CMP, target 725, stop loss 690

2] LIC Housing Finance: Buy at CMP, target 475 to 480, stop loss 440

Mudit Goel’s stock of the day

3] TCS: Buy at CMP, target 3700, stop loss 3610

Rohit Singre’s shares to buy today

4] Aditya Birla Fashion and Retail Ltd or ABFRL: Buy at CMP, target 290 to 300, stop loss below 261

5] Asian Paints: Buy at CMP, target 3300 to 3330, stop loss below 3210

Ravi Singhal’s stock pick of the day

6] IDFC First Bank: Buy around 51, target 54, 56 and 58, stop loss 49

Ravi Singh’s day trading stock

7] Thyrocare: Buy at 1160, target 1185, stop loss 1148

Manoj Dalmia’s share for intraday trade

8] TD Power Systems: Buy at 373, target 398, stop loss 363.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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