06 Dec , 2021 By : Kanchan Joshi
After showing massive upside bounce on Thursday, Indian stock market reversed down sharply on Friday and closed in red zone. Nifty-50 Index nosedived 204 points and closed at 17,196 levels whereas BSE Sensex crashed 764 points and closed at 57,696 levels. Bank Nifty also went down 311 points and closed at 36,197 levels. According to market experts, recent upside bounce of the last few trade session seems to have completed and the market has turned down from the highs.
Day trading guide for Nifty-50
Unveiling intraday trading strategy for Monday; Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, "The near term trend of Nifty continues to be down and the recent pullback rally of a down trend seems to have completed. There is a possibility of further weakness on NSE Nifty down to 16,800 levels by next week. Immediate resistance for Nifty-50 is placed at 17,300 to 17,350 levels."
Day trading stocks to buy today
Sharing Day trading stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singhal, Vice Chairman at GCL Securities, Manoj Dalmia, Founder & Director at Proficient Equities Limited and Parth Nyati, Founder at Tradingo — listed out 6 day trading stocks for Monday.
Sumeet Bagadia's day trading stocks
1] United Phosphorus Ltd or UPL: Buy at CMP, target Rs725 to Rs730, stop loss Rs700
2] NMDC: Momentum buy at CMP, target Rs150 to Rs155, stop loss Rs140
Ravi Singhal's stock of the day
3] Bajaj Finserv: Sell around Rs17,500, target Rs17,000, stop loss Rs17,777
Manoj Dalmia's stock pick of the day
4] Jindal Poly Films: Buy at Rs1102, target Rs1244, stop loss Rs1044
Parth Nyati's day trading stocks for today
5] Clean Science and Technology or CLEAN: Buy at CMP, target Rs2600, stop loss Rs2410
6] Aegis Logistics: Buy at around Rs247.50, target Rs255, stop loss Rs242.75.
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