Day trading guide: According to the market experts, 'buy on dips' should be maintained as day trading guide for Thursday at Indian stock market today
Day trading guide for Thursday: The northward move with range bound action continued in the Indian stock market on Wednesday and the NSE Nifty closed the day higher by 41 points. According to the market experts, this action signals range bound action in the market with 'buy on dips' as day trading guide for Thursday at stock market today. The Nifty is nearing a crucial overhead resistance of 15,900 levels and made a swing high of 15,877 on Wednesday. As happened in the previous few occasions, the lack of strength at the highs is emerging in the market near the crucial overhead resistance.
Volumes on the NSE were in line with recent averages. Among sectors, IT and Capital Goods rose the most while Oil & Gas and Realty fell the most. BSE Mid-cap and small-cap indices ended 0.21 per cent and 0.24 per cent higher respectively.
On the basis of these facts and technicals, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Rohit Singre, Senior Technical Analyst at LKP Securities; Mudit Goel, Senior Research Analyst at SMC Global Securities and Sandep Matta, Founder at TRADEIT Investment Advisors — have recommended these 6 day trading shares to buy today.
Sumeet Bagadia's top stock picks
1] Cipla: Buy at ₹975, target ₹1000 to ₹1020, stop loss ₹955
2] ICICI Prudential: Buy at ₹630, target ₹645 to ₹650, stop loss ₹620