These 8 stocks to buy or sell today

15 Dec , 2021 By : Kanchan Joshi

Indian stock market shifted into a consolidation movement on Tuesday post-sharp weakness of Monday. Nifty 50 went off 43 points and closed at 17,324 levels whereas BSE Sensex shed 166 points and closed at 58,117 levels. Nifty Bank lost 31 points and closed at 36,893 mark. According to stock market experts, such trade pattern after a reasonable weakness alerts for trend reversal. However, they maintained that confirmation is required for the reversal pattern.

On a day when the volume son the NSE were in line with recent averages; power, oil & gas and capital goods indices rose the most while telecom, FMCG and auto indices fell the most. BSE Small-cap index ended flat while Mid-cap index was down 0.37 per cent.

Day trading guide for Nifty today

On intraday trading tips for stock market today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The Indian stock market showing consolidation movement on Tuesday, post-bearish pattern of Monday could signal chances of sustainable upside bounce back in the coming sessions. The important resistance to be watched on NSE Nifty is around 17,500 and next 17,650 levels. Immediate support for NSE Nifty is placed at 17,200 levels."

Day trading stocks to buy today

Sharing 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 8 stocks to buy today.

Sumeet Bagadia's day trading stocks

1] Hindustan Unilever Ltd or HUL: Momentum buy at CMP, target Rs2400 to Rs2450, stop loss Rs2270

2] Torrent Power: Buy at CMP, target Rs600 to Rs610, stop loss Rs565

Ravi Singhal's stock of the day

3] Narayana Hrudayalaya: Buy around Rs600, target Rs640, stop loss Rs580

Ravi Singh's day trading stocks for today

4] Berger Paints: Buy at Rs755, target Rs770, stop loss Rs750

5] State Bank of India or SBI: Buy at Rs488, target Rs498, stop loss Rs484

Manoj Dalmia's stock picks for today

6] Subros: Buy at Rs398, target Rs444, stop loss Rs381

Parth Nyati' stocks to buy today

7] Orient Electric: Buy at Rs389.7, target Rs405, stop loss Rs383