These 7 stocks to buy or sell today

02 Dec , 2021 By : Kanchan Joshi

After showing high volatility on Tuesday, Indian stock market witnessed a sustainable upside move on Wednesday. NSE Nifty closed decently higher by 183 points and closed at 17,166 levels whereas BSE Sensex shot up 619 points and closed at 57,684 levels. Bank Nifty index surged 669 points and closed at 36,364 mark.

According to stock market experts, technically this trade pattern indicates a formation of pullback rally of a down trend. Hence, this pullback is expected to be short lived and the weakness could emerge again from the higher levels.

On a day when the volume son the NSE were much below the recent averages; metals and bank indices gained the most while healthcare index fell. Mid-cap index rose 1 per cent while small-cap index rose 0.27 per cent.

Day trading guide for Nifty today

Unveiling intraday trading strategy for Thursday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The sustainable upside move of Wednesday seems to have lifted hopes for bulls to make a comeback. But, the overall negative chart set up remains intact and further upside at NSE Nifty from here could encounter strong overhead resistance around 17,300 to 17,400 levels in the next 1-2 sessions, before showing another round of weakness from the highs. Immediate support for NSE Nifty is placed at 17,080 levels."

Day trading stocks for today

Sharing day trading stocks to buy today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singh, Head of Research & Vice President at ShareIndia; Manoj Dalmia, Founder & Director at Proficient Equities Limited and Parth Nyati, Founder at Tradingo — recommended 7 stocks to buy today.

Sumeet Bagadia's day trading stocks

1] JSW Steel: Buy at CMP, target rs6660 to Rs675, stop loss Rs610

2] HDFC Life: Buy at CMP, target rs710 to Rs725, stop loss Rs670

Ravi Singh's stocks to buy today

3] Deepak Nitrite: Buy at Rs2100, target rs2250, stop loss Rs2080

4] Canara Bank: Buy at Rs203, target Rs220, stop loss Rs200

Manoj Dalmia's stock of the day

5] ABB Power or Hitachi Energy India: Buy at Rs2710, target Rs2889, stop loss Rs2642

Parth Nyati's shares to buy today

6] TCI Express: Buy at CMP, target Rs2500, stop loss Rs2220

7] Union Bank of India: Buy at Rs45.50, target Rs47.25, stop loss Rs44.40.