After showing intraday upside recovery from the lows in the last 3-4 sessions, Nifty failed to pick up the upside momentum, after positive opening on Tuesday and closed the day higher by 24 points at 17,380 levels amidst a range-bound movement. BSE Sensex added 69 points and closed at 58,247 levels. The intraday range movement with weak bias has continued for the whole session and the market closed near the lower end of the day. The opening upside gap has been filled and the new all time high was registered at 17,438 levels. According to experts, this pattern signal a continuation of range bound action in the market.

On a day when the volumes on the NSE were higher that the recent averages due to hectic trading in Zee, IRCTC and the two new listings — Ami Organics and Vijaya Diagnostic, metal sector was the main loser while consumer durables, automobiles and utilities were the main gainers. The broader indices outperformed their larger peers with the S&P BSE Mid-cap adding over 1 per cent and S&P BSE Small-cap rising 0.6 per cent.

Trade view on Nifty

Speaking on intraday trading strategies; Deepak Jasani, Head of Retail Research at HDFC Securities said, "On Tuesday, Nifty closed at its all time high, though on an intraday basis it faced resistance from the previous high formed 4 days back. Advance decline ratio has improved to much above 1:1, bringing some positivity amongst traders. A convincing breach of 17,437 could lead to acceleration in the upside move. On the other hand 17,254 could act as a support for NSE Nifty."

Intraday shares for today

Unveiling intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Sandeep Matta, Founder at TRADEIT Investment Advisors; Kapil Goenka, Founder at Eternity Financial Services; Manoj Dalmia, Director and Founder, Proficient Equities Private Limited and Rohit Singre, Senior Technical Analyst at LKP Securities — recommended 8 shares to buy today.

Sumeet Bagadia's intraday stocks to buy today

1] IndusInd Bank: Momentum buy at CMP, target Rs1075 to Rs1100, stop loss Rs1001

2] Hero Motocorp: Buy at CMP, target Rs3000 to Rs3100, stop loss Rs2750

Sandeep Matta's intraday stock list

3] Welspun Enterprises: Buy above Rs98, target Rs105, stop loss Rs87

4] Tata Power: Buy at Rs132, target Rs141, stop loss Rs127

Kapil Goenka's day trading stock to buy

5] Wardwizard Innovations: Buy at Rs75, target Rs84, stop loss Rs66

Manoj Dalmia's stock of the day

6] Finolex Industries: Buy at rs185, target Rs197, stop loss Rs178

Rohit Singre's shares to buy today

7] Interglobe Aviation or IndiGo: Buy at Rs1925, target Rs2025 to Rs2125, stop loss Rs1865

8] Bharat Electronics Ltd or BEL: Buy at CMP, target Rs206 to Rs210, stop loss below Rs198.