These 7 stocks to buy or sell today

23 Jun , 2022 By : Kanchan Joshi

After showing a fine upside bounce on Tuesday, Indian stock market witnessed immediate turn down in the subsequent session and closed in negative territory. Nifty 50 index lost 225 points and closed at 15,413 levels whereas BSE Senses ended 709 points lower at 51,822 mark. Nifty Bank index dipped 346 points and closed at 32,845 levels.

According to stock market experts, reasonable negative candle was formed as per daily chart, which signal a possibility of bull trap in the market. After a sustainable upside bounce on Tuesday, Nifty showing immediate reaction on the downside in the subsequent session indicate a lack of strength in the market to sustain the upside bounces.

Day trading guide for stock market today

Speaking on day trading guide for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The market showing immediate reversal of upside bounce is not a good sign for the bulls to sustain the highs. Now, one may expect Nifty to slide down to the important support area of 15,200 levels in the next few sessions. Immediate resistance for NSE Nifty is now placed at 15,560 levels."

Day trading stocks

Sharing intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Rajesh Bhosale, Technical Analyst at Angel One; Mehul Kothari, AVP — Technical Research at Anand Rathi and Avinash Gorakshkar, Head of Research at Profitmart Securities — recommended 8 stocks to buy or sell today.

Sumeet Bagadia's intraday stocks

1] Hindustan Petroleum Corporation Limited or HPCL: Momentum buy at CMP, target Rs235, stop loss Rs214

2] Gujarat Gas: Sell at CMP, target Rs395 to Rs390, stop loss Rs421

Rajesh Bhosale's stock picks for Thursday

3] Bharat Petroleum Corp Ltd or BPCL: Buy around Rs306, target Rs324, stop loss Rs296

4] Trent: Sell around Rs1021, target Rs975, stop loss Rs1052

Mehul Kothari's stock of the day

5] Polyplex: Buy around Rs2050, target Rs2240, stop loss Rs1950

Avinash Gorakshkar's stocks to buy today

6] TCS: Buy at CMP, target Rs3370, stop loss Rs3170

7] IGL: Buy at CMP, target Rs385, stop loss Rs340.