These 9 stocks to buy or sell today

09 Dec , 2021 By : Kanchan Joshi

After showing a sharp upside bounce from the lows on Tuesday, the strong upside momentum continued in the Indian stock market on Wednesday. Nifty 50 index surged 293 points and closed at 17,469 levels while BSE Sensex shot up 1016 points and closed at 58,649 levels. Bank Nifty index appreciated 666 points and closed at 37,284 mark. According to stock market experts, this upside move in last two sessions has erased the negative sentiment emerged on last Friday and this Monday.

On a day when the volumes on the NSE were higher than the recent average; realty, metals, auto, telecom, IT and bank indices surged the most. BSE Small-cap and Mid-cap indices underperformed the Nifty rising 1.4 per cent and 1.5 per cent respectively.

Day trading guide for Nifty 50 today

Unveiling day trading guide for Thursday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The bulls have gained upside momentum in the last two sessions and the market is now placed at the important juncture. A decisive move above 17,550 to 17,600 levels on NSE Nifty could open further sharp upside towards 18,000 levels in a quick period of time. Any failure to sustain above this area is likely to trigger weakness from the highs towards the low of 17,250 to 17,200 levels on NSE Nifty in the near term."

Day trading stocks to buy today

Listing out day trading stocks for today's trade session, 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, Manoj Dalmia, Founder & Director at Proficient Equities Limited and Parth Nyati, Founder at Tradingo — recommended 9 stocks to buy or sell today.

Sumeet Bagadia's day trading stocks

1] Hindustan Zinc: Buy at CMP, target Rs380 to Rs400, stop loss Rs340

2] Glenmark Pharmaceuticals: Momentum buy at CMP, target Rs520 to Rs530, stop loss Rs494

Ravi Singhal's stock of the day

3] Bajaj Finserv: Sell around Rs17800, target Rs17017, stop loss Rs18111

Ravi Singh's stocks to buy today

4] Bharti Airtel: Buy at Rs714, target Rs735, stop loss Rs708

5] DLF: Buy at Rs396, target Rs410, stop loss Rs392

Manoj Dalmia's day trading stocks for Thursday

6] Polyplex: Buy at Rs2002, target Rs2370, stop loss Rs1903

7] Gufic BioSciences: Buy at Rs222, target Rs259, stop loss Rs209

Parth Nyati's stock picks for Thursday