7 stocks to buy or sell today — 20th October
Day trading guide for Wednesday: After showing lackluster type pattern at the swing highs on Monday, Indian stock market witnessed weakness with high volatility on Tuesday. NSE Nifty ended 58 points lower at 18,418 whereas BSE Sensex shed 49 points and closed at 61,716 levels. Bank Nifty also went down 144 points and closed at 39,540 levels. On a day when the volumes on the NSE were even higher than the previous day, all major sectoral indices ended in the red other than IT.
Trade view on Nifty
Unveiling intraday trading strategy for Wednesday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The continuous upside move of the last 7 sessions has been broken and the market has shifted into a profit booking mode. The overall negative chart pattern indicates more weakness in the next 1-2 sessions. The next lower levels at NSE Nifty to be watched are 18,200 to 18,150. Any upside move at NSE Nifty from here could find resistance around 18,470 to 18,500 levels.”
Day trading stocks to buy today
Sharing intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities; Ravi Singhal, Vice Chairman at GCL Securities; Dr Ravi Singh, Head of Research & Vice President at Share India and Manoj Dalmia, Director & Founder at Proficient Equities Private Limited — recommended 8 shares to buy today.
Sumeet Bagadia’s intraday stocks for today
1] Kotak Mahindra Bank: Buy at CMP, target ₹2100 to ₹2150, stop loss ₹1980
2] Power Grid Corporation of India: Sell at CMP, target ₹190 to ₹188, stop loss ₹205
Mudit Goel’s stock of the day
3] Britannia Industries: Sell at CMP, target ₹3730, stop loss ₹3830
Ravi Singh’s stock to buy today
4] Infosys: Buy at ₹1820, target ₹1860, stop loss ₹1800
Ravi Singhal’s day trading stocks
5] Cholamandalam Investment and Finance Company: Buy above ₹634, target ₹666 to ₹699, stop loss ₹609
6] Nippon Life India Asset Management: Buy at CMP, target ₹499 to ₹533, stop loss ₹437
Manoj Dalmia’s stock pick of the day
7] Somany Home Innovation: Buy at ₹465, target ₹485, stop loss ₹457.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
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