27 Jul , 2021 By : Kanchan Joshi
Indian benchmark equity indices failed to hold on to the intraday gains on July 26 and broke its two day winning streak. NSE Nifty closed the day lower by 31 points at 15,824 levels while BSE Sensex shed 123 points and closed at 52,852 mark. Bank Nifty index went off 84 points and closed at 34,949 levels. Volumes on the NSE fell compared to the recent average while advance decline ratio remained mildly negative. Broad market indices like mid-cap and small-cap indices outperformed the NSE Nifty.
Speaking on the day trading guide for Tuesday Deepak Jasani, Head of Retail Research at HDFC Securities said, "Nifty continues to face resistance at around 15,900. Although Nifty is showing strength, the weakness in other markets, if it continues, can impact the Nifty and we could see some more downside in coming sessions. 15,899 to 15,768 could be the trading band for the Nifty in the near term."
Day trading stocks to buy today
As SGX Nifty has opened with an upside gap of 97 points and global markets, especially Dow Jones closed around 0.24 per cent higher, Indian indices may expect bulls to show some strength in the Opening Bell today. On the basis of these facts and figures 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 and Sandeep Matta, Founder at TRADEIT Investment Advisors — recommended the following 7 shares to buy today.
Sumeet Bagadia's trading view chart
1] Sun Pharma: Buy at Rs700, target Rs725 to Rs730, stop loss Rs680
2] Britannia: Buy at Rs3475, target Rs3525 to Rs3575, stop loss Rs3425
Mudit Goels stock of the day
3] Tata Consumer Products: Buy at CMP, target Rs792, stop loss Rs768
Rohit Singre's shares to buy today
4] Sun TV Network: Momentum buy at Rs545, target Rs570 to Rs590, stop loss below Rs525
5] EID Parry: BTST buy at Rs426, target Rs434 to Rs440, stop loss below Rs418
Sandep Matta's day trading guide
6] Indus Tower: Buy at Rs225, target Rs232 to Rs238, stop loss Rs215
7] Amara Raja Batteries: Buy at Rs723, target Rs738 to Rs752, stop loss Rs690.
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