Home / Markets / Stock Markets /  Day trading guide for Thursday: 5 stocks to buy or sell today — 16th December
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Day trading guide for Thursday: After showing consolidation on Tuesday, Indian stock market slipped into weakness amidst high volatility on Wednesday and closed in negative territory. Nifty 50 lost 103 points and closed at 17,221 whereas BSE Sensex shed 329 points and closed at 57,788 levels. Nifty Bank went off 104 points and closed at 36,789 mark. According to stock market experts, current market pattern signal a possibility of some more weakness or consolidation movement in the next few sessions.

Day trading guide for Nifty today

Sharing day trading strategy for stock market today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty remains negative with volatility. Further decisive weakness from current levels could open lower levels of 17,000 to 16,900 in the short term. Any upside bounce from current position on NSE Nifty could find strong resistance around 17,350 to 17,400 levels."

Day trading stocks for today

On day trading stocks for Indian stock market today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ravi Singhal, Vice Chairman at GCL Securities and Parth Nyati, Founder at Tradingo — recommended 5 day trading stocks to buy today.

Sumeet Bagadia's day trading stocks

1] Kotak Mahindra Bank: Buy at CMP, target 2000, stop loss 1815

2] Maruti Suzuki India: Buy at CMP, target 7800 to 8000, stop loss 7400

Ravi Singhal's stock of the day

3] Reliance Industries Limited or RIL: Sell at 2380, target 2360 to 2340, stop loss 2405

Parth Nyati's day trading stocks to buy

4] CCL Products: Buy at 412, target 435, stop loss 401

5] Divi's Laboratories: Buy at CMP, target 4700, stop loss 4525.

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

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