20 Dec , 2021 By : Kanchan Joshi
After showing consolidation movement with weak bias in the last three sessions, Indian stock market tumbled down sharply on Friday session. NSE Nifty ended 263 points lower at 16,985 whereas BSE Sensex closed 889 points down at 57,011 levels. Bank Nifty crashed 930 points and closed at 35,618 levels. According to stock market experts, current market pattern indicates sharp downward reversal. Hence, one may expect further weakness in the short term.
Day trading guide for Nifty today
Speaking on day trading guide for today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "An attempt of bulls to make a comeback from the lows went into toss and the market followed the downtrend continuation pattern as per the long term charts. One may expect further weakness down to 16,750 on NSE Nifty by this week. Immediate resistance for NSE Nifty is placed at 17,180 levels.
Day trading stocks
Sharing day trading stocks to buy today, 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 7 stocks to buy or sell today.
Sumeet Bagadia's day trading stocks for today
1] HCL Tech: Buy at CMP, target Rs1237, stop loss Rs1147
2] Nippon Life India Asset Management or NAM India: Sell at CMP, target Rs310, stop loss Rs360
Ravi Singhal's stock of the day
3] Bajaj Finserv: Sell at Rs16250, target Rs15555, stop loss Rs16555
Ravi Singh's stock pick for today
4] Wipro: Buy around Rs680, target Rs710, stop loss Rs670
Manoj Dalmia's day trading stock to buy today
5] Butterfly Gandhimathi Appliances: Buy around Rs1051, target Rs1117, stop loss Rs1019
Parth Nyati's stocks to buy today
6] Sterlite Technologies: Buy around Rs292, target Rs305, stop loss Rs285
7] Cholamandalam Investment and Finance: Sell around Rs511, target Rs490, stop loss Rs520.
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