These 6 stocks to buy or sell today

22 Jun , 2022 By : Kanchan Joshi

Following positive global markets, bottom fishing due to cheaper valuations and short covering at lower levels, Indian stock market continue to rise on second successive session. Recording largest intraday gain since 17th May 2022, Nifty 50 index went up 288 points and closed at 15,638 levels whereas BSE Sensex ended 934 points higher at 52,532 mark. Nifty Bank index surged 506 points and closed at 33,191 levels.

According to stock market experts, a long bull candle was formed on the daily chart and the Nifty seems to have confirmed a short term bottom reversal at the swing low of 15183 levels. The formation couple of doji and high wave pattern at the lows of the last two sessions have finally resulted in a decisive reversal on Tuesday. This is positive indication.

Day trading guide for stock market today

Speaking on day trading guide for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "Nifty is currently facing a crucial overhead resistance around 15,700 to 15,800 levels (previous swing lows, as per the concept of change in polarity). Considering the significance of this value area (evident of long bear candle formation during recent downside breakout), there is a possibility of weakness emerging from the hurdle. However, any consolidation or minor weakness in the next few sessions at the resistance could hint possibility of sharp upside breakout of 15,800 levels."

Day trading stocks

Sharing intraday stocks for today, share market experts — Rajesh Bhosale, Technical Analyst at Angel One; Mehul Kothari, AVP — Technical Research at Anand Rathi; Anuj Gupta, Vice President — Research at IIFL Securities and Avinash Gorakshkar, Head of Research at Profitmart Securities — recommended 6 stocks to buy today.

Rajesh Bhosale's intraday stocks for today

1] HDFC Life: Buy around Rs564, target Rs579, stop loss Rs554

2] ITC: Buy around Rs270, target Rs281, stop loss Rs264

Mehul Kothari's stocks to buy today

3] Bajaj Finance: Buy around Rs5550, target Rs5800, stop loss Rs5400

4 ] L&T: Buy around Rs1500, target Rs1600, stop loss Rs1450

Anuj Gupta's stock of the day

5] Tata Motors: Buy at CMP, target Rs420, stop loss Rs377

Avinash Gorakshkar's stock pick for Wednesday

6] DLF: Momentum buy at CMP, target Rs340, stop loss Rs302.