24 Dec , 2021 By : Kanchan Joshi
The upside momentum continued in Indian stock market for third consecutive sessions on Thursday. NSE Nifty gained 117 points and closed at 17,072 levels whereas BSE Sensex surged 384 points and closed at 57,315 levels. Nifty Bank index appreciated 161 points and closed at 35,191 mark. According to stock market experts, current pattern indicate a formation of doji or spinning top type candle pattern at the highs. Normally, formation of such patterns after a reasonable upside move or at the important hurdle could act as a reversal pattern post confirmation.
Day trading guide for Nifty today
Unveiling day trading strategy for stock market today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be positive. But, the NSE Nifty is currently placed at the crucial overhead resistance around 17,100 to 17,200 levels. The overall chart pattern indicates higher possibility of selling emerging from near the resistance band in the next 1-2 sessions."
Day trading stocks for today
Asked about day trading stocks to buy today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singhal, Vice Chairman at GCL Securities; Ravi Singh, Vice President and Research Head at ShareIndia and Parth Nyati, Founder at Tradingo — recommended 7 stock to buy or sell today.
Sumeet Bagadia's day trading stocks
1] Dabur India: Buy at CMP, target Rs585 to Rs590, stop loss Rs558
2] ONGC: Momentum buy at CMP, target Rs146, stop loss Rs136
Ravin Singhal's stock of the day
3] HDFC Bank: Sell at rs1450, target Rs1420 to Rs1400, stop loss Rs1460
Ravi Singh's day trading stocks to buy
4] Zensar Technologies: Buy at Rs475, target Rs490, stop loss Rs465
5] Transport Corporation of India or TCI: Buy around Rs750, target Rs780, stop loss Rs725
Parth Nyati's day trading stocks for Friday
6] Mastek: Buy around Rs2975, target Rs3075, stop loss Rs2925
7] Balrampur Chini: Buy around Rs332.50, target Rs341, stop loss Rs327.
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