OPEN APP
Home / Markets / Ipo /  Day trading guide for Tuesday: 7 stocks to buy or sell today — 28th September

Day trading guide for Tuesday: 7 stocks to buy or sell today — 28th September

Day trading guide for Tuesday: A decisive move above 17,950 is likely to open the next upside of 18,200 levels in the near term. Important lower support for NSE Nifty is now placed at 17,650.Premium
Day trading guide for Tuesday: A decisive move above 17,950 is likely to open the next upside of 18,200 levels in the near term. Important lower support for NSE Nifty is now placed at 17,650.

  • Day trading guide for Tuesday: The short term trend of NSE Nifty continues to be range bound. This consolidation movement could continue for the next 1-2 sessions before showing upside breakout of the range movement, say experts

Listen to this article

Day trading guide for Tuesday: After showing small range movement on Friday at the swing high of 17947, the NSE Nifty continued its consolidation movement on Monday and closed the day on a flat note amidst a range-bound movement. BSE Sensex sustained above 60,000 and closed at 60,077 levels — 29 points higher from its previous trade session. Intraday profit booking triggered from a day's high of 17,943 levels and the minor upside recovery was seen in the mid to later part from a day's low. According to stock market experts, this pattern indicates a consolidation movement in the market for the last two sessions post sharp upside move of Thursday. This market action signals a lack of sharp selling participation in the market at the new highs.

On a day when the volumes on the NSE were in line with recent averages; realty, oil & gas and auto stocks rose the most, while IT, healthcare and FMCG indices lost the most. BSE Mid-cap closed unchanged and BSE Mid-cap slipped 0.13 per cent.

Asian shares were mostly higher on Monday, but fears of further waves of Coronavirus outbreaks were clouding the economic outlook for the region, tempering the rally and resulting in loss of some of the gains of morning session.

Trade view on NSE Nifty

Speaking on intraday trading strategies; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be range bound. This consolidation movement could continue for the next 1-2 sessions before showing upside breakout of the range movement. A decisive move above 17,950 is likely to open the next upside of 18,200 levels in the near term. Important lower support for NSE Nifty is now placed at 17,650."

Day trading stocks to buy today

Unveiling intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Rohit Singre, Senior Technical Analyst at LKP Securities; Ravi Singhal, Vice Chairman at GCL Securities and Sandeep Matta, Founder at TRADEIT Investment Advisors — recommended 7 shares to buy today.

Sumeet Bagadia's intraday stocks for today

1] ICICI Bank: Momentum buy at CMP, target 745 to 750, stop loss 715

2] Grasim Industries: Buy at CMP, target 1680 to 1700, stop loss 1615

Rohit Singre's stocks to buy today

3] Indiabulls Housing Finance: Buy at 234, target 240 to 244, stop loss below 230

4] Motherson Sumi: Buy at 232, target 237 to 241, stop loss below 228

Ravi Singhal's stock of the day

5] Trent: Buy at 1005, target 1044, stop loss 988

Sandeep Matta's shares to buy today

6] Mahindra & Mahindra or M&M: Buy at 811, target 850 to 900, stop loss 760

7] Shriram Transport Finance Company: Buy above 1325, target 1400, stop loss 1250.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

Close
×
Edit Profile
My ReadsRedeem a Gift CardLogout