Day trading guide for Thursday: Indian markets are expected to open with some upside gap when the market opens after the stock market holiday on Wednesday
Day trading guide for Thursday: After the US markets showing some signs of recovery on Wednesday and SGX Nifty edging above its previous day's close, Indian indices are expected to open with some upside gap when the market opens after the stock market holiday on yesterday. However, as day trading guide, one should keep in mind that on Tuesday, the NSE Nifty went down around 120 points and closed at 15,632 levels while the BSE Sensex tumbled around 355 points and closed at 52,198 levels. 40 out of 50 NSE Nifty stocks closed in the red zone on Tuesday.
On day trading guide for Thursday’s stock market; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The next lower levels (of Nifty) to be watched around 15,500 to 15,450 levels in the next few sessions. Any upside bounce from here could encounter resistance around 15,700."
So, on the basis of these facts and figures and Wednesday movement at Wall Street and other global markets, Indian stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities, Sandeep Matta, Founder at TRADEIT Investment Advisors and Kapil Goenka, Director at C M Goenka Stock Brokers — recommended the following 6 shares to buy today.
Sumeet Bagadia's day trading stocks to buy today
1] Hindustan Unilever Ltd. or HUL: Buy at ₹2430, target ₹2500 to 2550, stop loss ₹2400
2] Hindustan Petroleum Corporation Limited or HPCL: Buy at ₹276, target ₹285 to 290, stop loss ₹271