12 Nov , 2021 By : Kanchan Joshi
After showing narrow range movement in the last couple of sessions, Indian stock market slipped into the weak zone on Thursday trade session. NSE Nifty dipped 143 points and closed at 17,873 levels whereas BSE Sensex slipped 433 points and closed at 59,919 levels. Bank Nifty too went down 463 points and closed at 38,560 levels. According to stock market experts, current stock market pattern indicates range-bound action with weak bias.
On a day when the volumes on the NSE were below recent average, consumer durable index rose the most whereas realty, banks, telecom and healthcare indices fell the most. Small-cap and mid-cap indices were down 0.54 per cent and 0.64 per cent respectively.
Trade view on Nifty
Unveiling day trading guide for Friday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be range-bound with weak bias. One may expect Nifty to show choppy movement with weak bias for the short term. Further weakness from here could slide Nifty down to the important support of 17,600 levels. Immediate resistance for NSE Nifty is now placed at 17,950 levels."
Day trading stocks to buy
Speaking on day trading stocks for today, 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; Parth Nyati, Founder, Tradingo; Ravi Singh, Head of Research & Vice President at ShareIndia and Manoj Dalmia, Founder and Director at Proficient Equities Limited — recommended 8 stocks to buy today.
Sumeet Bagadia's day trading stocks for today
1] BEL: Buy at CMP, target Rs230 to Rs235, stop loss Rs218
2] ACC: Buy at CMP, target Rs2600 to Rs2650, stop loss Rs2501
Mudit Goel's stocks of the day
3] Larsen & Toubro Infotech or LTI: Buy at CMP, target Rs7050, stop loss Rs6900
Rohit Singre's stock pick of the day
4] Century Plyboards India: Buy at Rs670, target Rs690 to Rs705, stop loss below Rs660
Parth Nyati's stock to buy today
5] Muthoot Finance: Buy at Rs1688, target Rs1725, stop loss Rs1640
Ravi Singh's day trading stocks to buy
6] Havells India: Buy at Rs1340, target Rs1370, stop loss Rs1325
7] India Cements: Buy at Rs210, target Rs225, stop loss below Rs200
Manoj Dalmia's intraday stock for today
8] Parag Milk Foods: Buy at Rs155, target Rs173, stop loss Rs148.