25 Nov , 2021 By : Kanchan Joshi
After showing a sustainable upside bounce on Tuesday, Indian stock market witnessed sell on rise action on Wednesday. NSE Nifty slide 88 points and closed at 17,415 levels where as BSE Sensex shed 323 points and closed at 58,340 levels. According to stock market experts, this pattern signal weak upside bounce in the market. This market action also indicates a chance of Nifty revisiting the recent low of 17,216 levels.
On a day when the volumes on the NSE were in line with recent average, oil & gas and bank indices gained the most, while auto, IT and FMCG indices slide the most. Mid-cap index closed 0.57 per cent lower, while small-cap index closed 0.44 per cent higher.
Day trading guide on NSE Nifty
Unveiling intraday trading tips for Thursday session; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be down and there is no confirmation of any significant bottom reversal at the lows. There is a possibility of further weakness on NSE Nifty towards 17,200 levels in the short term, before showing another round of minor upside bounce from the lows."
Day trading stocks to buy today
Sharing day trading stocks for today, 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 and Rohit Singre, Senior Technical Analyst at LKP Securities — listed out these 6 stocks to buy or sell today.
Sumeet Bagadia's intraday stocks for today
1] Housing Development Finance Corp Ltd or HDFC: Buy at CMP, target Rs2950 to Rs3000, stop loss Rs2851
2] NTPC: Buy at CMP, target Rs140 to Rs142, stop loss Rs130
Ravi Singhal's stock of the day
3] IndusInd Bank: Sell at around Rs970, target Rs940, stop loss Rs982
Ravi Singh's stocks to buy today
4] Apollo Tyres: Buy at Rs222, target Rs235, stop loss Rs218
5] BPCL: Buy at Rs402, target Rs416, stop loss Rs398
Rohit Singre's stock pick for Thursday
6] Sobha: Buy at Rs850, target Rs865 to Rs880, stop loss below Rs840.