These 8 stocks to buy or sell today

08 Dec , 2021 By : Kanchan Joshi

After showing sharp weakness on Monday, Indian stock market witnessed a decent comeback on Tuesday and closed the day in green territory. Nifty-50 index shot up 264 points and closed at 17,176 levels whereas BSE Sensex surged 886 points and closed at 57,633 mark. Bank Nifty index too appreciated 882 points and closed at 36,618 levels. According to stock market experts, current trade pattern indicates formation of inside day type formation and this could have further positive impact in upcoming sessions.

Volumes on the NSE were lower than recent average. There were no sectoral losers while realty, metals and banks were the main gainers among sectors. BSE Mid-cap and Small-cap indices underperformed slightly, rising 1.1 per cent and 1.3 per cent respectively.

Day trading guide for Nifty today

Unveiling intraday trading strategy for today's session; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The sharp upside bounce on Tuesday session could cheer bulls to make a comeback from the lows. But, the present upside bounce could be short lived and one may expect selling pressure to emerge from the crucial overhead resistance of 17,550 to 17,600 levels on NSE Nifty in the near term."

Day trading stocks to buy today

Sharing day trading stocks for today's trade session, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singhal, Vice Chairman at GCL Securities, Ravi Singh, Head of Research & Vice President at ShareIndia, Manoj Dalmia, Founder & Director at Proficient Equities Limited and Parth Nyati, Founder at Tradingo — listed out 8 intraday stocks to buy today.

Sumeet Bagadia's day trading stocks

1] Federal Bank: Buy at CMP, target Rs93 to Rs95, stop loss Rs87

2] Hindalco Industries: Buy at CMP, target Rs460 to Rs470, stop loss Rs421

Ravi Singhal's stock of the day

3] Bajaj Finserv: Buy at CMP, target Rs17500 to Rs17750, stop loss Rs16999

Parth Nyati's day trading stocks for today

4] ICICI Bank: Buy at CMP, target Rs747, stop loss Rs728

5] Ashok Leyland: Buy at Rs122.50, target Rs126, stop loss Rs120

Ravi Singh's stock pick of the day

6] Torrent Power: Buy at Rs580, target Rs605, stop loss Rs570

Manoj Dalmia's intraday stocks for today

7] Ramky Infrastructure: Buy around Rs211, target Rs233, stop loss Rs198