28 Jul , 2021 By : Kanchan Joshi
The weakness with range-bound trend continued at the Indian stock market on Tuesday as the NSE Nifty ended 78 points lower at 15,746 levels while the BSE Sensex shed 273 points and closed at 52,578 mark. Bank Nifty also ended in the red zone losing 152 points on Tuesday. The choppy trend is expected to continue in today's stock market opening bell as SGX Nifty has opened with a downside gap of 35 points and the US markets, especially Dow Jones ended Tuesday after losing around 0.24 per cent.
However, on yesterday, volumes on the NSE expanded compared to the recent averages. Metals sector was the sole gainer as the Chinese government’s latest move to curb domestic production and tame surging prices was expected to aid India’s steel mills and Novelis gave an encouraging guidance benefitting Hindalco’s stock price, while Power and Healthcare stocks came under selling pressure.
Speaking on day trading guide for Wednesday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The weakness with choppy trend continued in the Nifty and still there is no respite for bulls at the lows. The chart pattern of daily and weekly signal a possibility of an upside bounce in the market from the lows of around 15,650 to 15,680 levels in the next 1-2 sessions. On the higher side 15,900 remains overhead hurdle for the near term."
Day trading stocks to buy today
On the basis of these facts and figures, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Jay Thakkar VP and Head of Equity Research at Marwadi Shares and Finance; Mudit Goel, Senior Research Analyst at SMC Global Securities; Sandeep Matta, Founder at TRADEIT Investment Advisors and Kapil Goenka, Director at C M Goenka Stock Brokers — have recommended following shares to buy today.
Sumeet Bagadia's day trading stocks to buy today
1] Hindalco Industries: Buy at Rs415, target Rs430 to Rs440, stop loss Rs403
2] Bajaj Finserv: Buy at Rs13800, target Rs14200 to Rs14500, stop loss Rs13500
Jay Thakkar's shares to buy today
3] Graphite India: Buy at CMP Rs697, target Rs744, stop loss Rs674
4] Bombay Burmah Trading Corporation or BBTC: Buy at Rs1275, target 1350, stop loss 1235
Mudit Goel's stock of the day
5] Infosys: Buy at CMP, target Rs1620, stop loss Rs1590
Day trading guide by Sandeep Matta
6] ITD Cementation India: Buy at Rs86, target Rs90 to Rs94, stop loss Rs78
7] CEAT: Buy at Rs1330, target Rs1400 Rs1450, stop loss Rs1262
Trade view by Kapil Goenka
8] NIIT: Buy at Rs308, target Rs320, stop loss Rs299.
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