18 Aug , 2021 By : Kanchan Joshi
After showing an upside breakout of a smaller high low range recently, the NSE Nifty showed follow-through upside move amidst volatility on Tuesday and closed 51 points higher at 16,614 levels. BSE Senesx surged 209 points and closed at 55,792 mark while Bank Nifty shed 227 points and closed at 35,867 levels. In the global markets, Wall Street ended in the negative territory as Dow Jones went off 0.79 per cent while Nasdaq lost 0.93 per cent on Tuesday.
Trade view on Nifty
Speaking on day trading guide for Wednesday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be positive. There is a possibility of further upside with range bound action for short term. The next upside levels for Nifty to be watched is 16,800 to 16,900 in the next few sessions. Immediate support for Nifty is placed at 16,540 levels."
Day trading stocks to buy today
Asked about day trading strategy for Wednesday, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Sandeep Matta, Founder at TRADEIT Investment Advisors; Mudit Goel, Senior Research Analyst at SMC Global Securities and Rohit Singre, Senior Technical Analyst at LKP Securities — recommended 5 shares to buy today.
Sumeet Bagadia's stocks to buy
1] Wipro: Momentum buy at CMP, target Rs655 to Rs660, stop loss Rs615
2] HDFC: Buy at CMP, target Rs2800 to Rs2850, stop loss Rs2699
Sandeep Matta's day trading stock
3] Bharat Electronics Ltd or BEL: Buy at Rs176, target Rs181, stop loss Rs171
Mudit Goel's stock of the day
4] Info Edge (India)/Naukri: Momentum buy at CMP, target Rs5572, stop loss Rs5400
Rohit Singre's shares to buy
5] SRF: Buy at CMP, target Rs9400, stop loss Rs8800.
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