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These 7 stocks to buy or sell today

17 May , 2022   By : Kanchan Joshi


These 7 stocks to buy or sell today

Indian stock market on Monday started the day marginally positive and consolidated within a broad range throughout the day. The Nifty 50 index ended 60 points higher at 15,842 levels whereas BSE Sensex surged 180 points and closed at 52,973 mark. Bank Nifty index shot up 476 points and touched 33,597 levels. Volumes on the NSE were the, lowest in almost 3 months. BSE Small-cap and Mid-cap indices outperformed the key benchmark indices rising 1.15 per cent and 1.51 per cent respectively.


Day trading guide for stock market today


Speaking on day trading guide for Nifty today, Ruchit Jain, Lead Research, 5paisa.com said, "Nifty ended today’s session with a ‘Doji’ candlestick on the daily chart. This pattern indicates indecision, but given that the index was not able to surpass its hurdles inspite of positive market breadth is not a good sign. However, if we look at last three trading sessions, the index has consolidated within a range wherein 15735 have acted as a support. The previous swing low of March 2022 is also around 15670 and thus, 15670-15735 is the important support zone now for the index. On the flipside, the recent downtrend has been so strong that inspite of oversold set ups, we have not seen any strength to pull the indices higher. Only if the index closes above 16000 mark, then we could expect a price-wise pullback in the short term."


"Traders should continue to stay cautious and avoid any aggressive contra bets. Above 16000, immediate levels to watch would be around 16125 and 16210 while a breach of the above mentioned support could lead to a sell-off towards 15450," Ruchit Jain of 5paisa.com concluded.


Day trading stocks


Sharing intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Rajesh Bhosale, Technical Analyst, Angel One Ltd; Mehul Kothari, AVP — Technical Research at Anand Rathi and Anuj Gupta, Vice President at IIFL Securities — recommended 7 shares to buy or sell today.


Sumeet Bagadia's day trading stocks to buy today


1] Raymond: Buy at CMP, target Rs850 to Rs875, stop loss Rs775


2] Coal India: Buy at CMP, target Rs180 to Rs185, stop loss Rs164


Rajesh Bhosale's intraday stocks for today


3] Kotak Mahindra Bank: Buy around Rs1813, target Rs1895, stop loss Rs1778


4] Apollo Hospitals: Buy around Rs3687, target Rs3880, stop loss Rs3590


Mehul Kothari's stocks to buy today


5] State Bank of India or SBI: Buy above Rs460, target Rs475, stop loss Rs450


6] Bajaj Finserv: Buy above Rs12,650, target Rs13,150, stop loss Rs12,450


Anuj Gupta's stock of the day


7] Equitas Holdings: Buy at CMP, target Rs125, stop loss Rs97.

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