10 Nov , 2021 By : Kanchan Joshi
After showcasing convincing upside bounce from the lows on Monday, the Indian stock market failed to continue with upside move on Tuesday trade session. The NSE Nifty closed 24 points lower at 18,044 levels whereas BSE Sensex shed 112 points and closed at 60,433 mark. According to stock market experts, current market pattern indicates continuation of range bound action below the crucial overhead resistance of 18,100 levels.
On a day when the volumes on the NSE were a little below recent average; capital goods, auto and oil & gas indices gained the most while metals, banks and FMCG indices fell the most. Small-cap and mid-cap indices were up 0.71 per cent and 0.83 per cent respectively.
Trade view on NSE Nifty
Unveiling intraday trading strategy for Wednesday; Subash Gangadharan, Senior Technical and Derivative Analyst at HDFC Securities said, "The market seems to be reluctant to pick up the upside momentum and stuck at the hurdle of around 18,100 levels. Eventually, the market could break above this hurdle in the short term and move towards the next resistance of 18,350 levels in the near term."
Day trading stocks to buy today
Sharing intraday stocks for today's trade session, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities; Rohit Singre, Senior Technical Analyst at LKP Securities; Santosh Meena, Head of Research, Swastika Investmart; Ravi Singhal, Vice Chairman at GCL Securities; Ravi Singh, Head of Research & Vice President, ShareIndia and Manoj Dalmia, Founder and Director, Proficient Equities Limited — recommended 9 stocks to buy today.
Sumeet Bagadia's stocks to buy today
1] Reliance Industries: Buy at CMP, target Rs2600, stop loss Rs2475
2] Bata India: Initiate momentum buy at CMP, target Rs2200 to Rs2250, stop loss Rs2120
Mudit Goel's stock of the day
3] Bandhan Bank: Buy at CMP, target Rs316, stop loss Rs302
Rohit Singre's intraday stock for today
4] ABB India: Buy at Rs2171, target Rs2320 to Rs2400, stop loss below Rs2070
Santosh Meena's day trading stock for Wednesday
5] IDFC: Buy at Rs59, target Rs62.50, stop loss Rs57
Ravi Singh's shares to buy today
6] HDFC Life: Buy at Rs705, target Rs720, stop loss Rs700
7] ICICI Bank: Buy at Rs786, target Rs800, stop loss Rs778
Ravi Singhal's stock pick of the day
8] Power Grid Corporation of India Limited: Buy at Rs186, target Rs192 and Rs199, stop loss Rs182
Manoj Dalmia's day trading stock
9] KPIT Technologies: Buy at Rs370, target Rs398, stop loss Rs362.
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