Active Stocks
Sat Mar 02 2024 12:29:56
  1. Tata Steel share price
  2. 155.30 3.53%
  1. HDFC Bank share price
  2. 1,430.50 -0.05%
  1. State Bank Of India share price
  2. 773.40 0.53%
  1. ICICI Bank share price
  2. 1,084.60 -0.21%
  1. Axis Bank share price
  2. 1,095.00 -0.40%
Business News/ Markets / Stock Markets/  Day trading guide for today: Six buy or sell stocks for Friday — 19th May
BackBack

Day trading guide for today: Six buy or sell stocks for Friday — 19th May

Day trading stocks: Market experts recommended six stocks to buy today — Marico, Berger Paints, Lemon Tree, Ugro Capital, Shriram Finance and Cipla

Day trading strategies: Markets are likely to remain consolidative and take cues from global developments, say experts. (MINT)Premium
Day trading strategies: Markets are likely to remain consolidative and take cues from global developments, say experts. (MINT)

Day trading guide for today: Amid high expectations of a final deal on US debt ceiling, Dalal Street ended lower for third straight session despite strong global market sentiments. 50-stock index Nifty ended 51 points lower at 18,129 levels, 30-stock index Sensex corrected 128 points and finished at 61,431 mark whereas Bank Nifty index gained 53 points and closed at 43,752 levels. In broad market, mid-cap index nosedived 0.67 per cent whereas small-cap index went off 0.26 per cent.

Day trading guide for stock market today

On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The recent swing high of 18,458 level could now be considered as a new higher top of the sequence and the current weakness seems to be in line with the new higher bottom formation as per daily timeframe chart. At the lower levels, the Nifty is expected to find support around 18,000-17,950 levels before showing upside bounce from the lows in the next 2-3 sessions."

On intraday trading tips for stock market today, Siddhartha Khemka, Head - Retail Research at Motilal Oswal said, "Markets are likely to remain consolidative and take cues from global developments. Overall, we remain positive on the market and view the current decline as buying opportunity."

Day trading stocks for today

On intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Anuj Gupta, Vice President — Research at IIFL Securities and Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi — recommended six day trading stocks to buy today.

Sumeet Bagadia's intraday stocks for today

1] Marico: Buy at CMP, target 545 to 550, stop loss 524

2] Berger Paints: Buy at CMP, target 640 to 650, stop loss 610

Anuj Gupta's by or sell stocks for today

3] Lemon Tree: Buy at CMP, target 110, stop loss 85

4] Ugro Capital: Buy at CMP, target 220, stop loss 184

Ganesh Dongre's stocks to buy today

5] Shriram Finance: Buy at 1350, target 1375, stop loss 1325

6] Cipla: Buy at 915, target 932, stop loss 905.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Asit Manohar
Chief Content Producer at Live Mint Digital Team
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates.
More Less
Published: 19 May 2023, 07:33 AM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie