11 Nov , 2021 By : Kanchan Joshi
The range bound action continued in the Indian stock market on Wednesday. The NSE Nifty went off 27 points and closed at 18,017 levels whereas BSE Sensex shed 80 points and closed at 60,352 mark. According to stock market experts, current market pattern indicates confused state of mind among market participants.
On a day when the volumes on the NSE were in line with recent average, oil & gas and telecom indices gained the most while realty, metals, consumer durable and bank indices fell the most. Small-cap index closed flat while mid-cap index went down 0.5 per cent.
Trade view on NSE Nifty
Unveiling intraday trading strategy for Thursday session; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be range bound with weak bias. As long as the lower support of 17,900 to 17,850 is protected at NSE Nifty, there is a possibility of another round of upside bounce towards 18,150 in the short term. A decisive move below the support is likely to drag Nifty down to 17,600 levels in the near term."
Day trading stocks to buy today
Sharing intraday trading 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; Parth Nyati, Founder, Tradingo; Ravi Singh, Head of Research & Vice President, ShareIndia and Manoj Dalmia, Founder and Director, Proficient Equities Limited — recommended 9 stocks to buy today.
Sumeet Bagadia's day trading stocks for today
1] UPL: Buy at CMP, target Rs800 to Rs820, stop loss Rs740
2] Sun Pharma: Buy at CMP, target Rs830 to Rs850, stop loss Rs785
Mudit Goel's stock of the day
3] Motherson Sumi: Buy at CMP, target Rs249, stop loss Rs235
Rohit Singre's intraday stocks for today
4] Godrej Consumer Products: Momentum buy at CMP, target Rs985 to Rs995, stop loss below Rs965
5] IndiaMART: Momentum buy at Rs7550, target Rs7800 to Rs8000, stop loss below Rs7300
Ravi Singh's stocks to buy today
6] Apollo Tyres: Buy around Rs234, target Rs242, stop loss Rs231
7] BPCL: Buy at Rs425, target Rs435, stop loss Rs422
Manoj Dalmia's stock pick for Thursday
8] Agarwal Industrial Corporation: Buy at Rs387, target Rs424, stop loss Rs378
Parth Nyati's share for today
9] Titan Company: Buy at Rs2484, target Rs2550, stop loss Rs2445.