BackDay trading guide for Tuesday: 5 stocks to buy or sell today — 3 August
Day trading guide for Tuesday: Nifty has opened the week on a strong note with sharply higher advance decline ratio
PremiumDay trading guide for Tuesday: After showing a lack of strength to sustain the highs on Friday, Nifty witnessed a sustainable upside move on Monday and closed the day higher by 122 points. After opening on an upside gap of 111 points, Nifty shifted into a gradual northward move with range bound action for the whole session. Volumes however, did not support this upside as the gains were more led by reluctance to sell rather than aggressive buying. Realty, oil and gas, Auto and IT sector stocks were the main gainers on Monday trade session.
Asked about his trade view on Nifty; Deepak Jasani, Head of Retail Research at HDFC Securities said, "Nifty has opened the week on a strong note with sharply higher advance decline ratio. A follow through upside move is likely over the next few days and Nifty could remain with an upward bias in the 15,817 to 15,962 band."
Day trading stocks to buy today
On the basis of above mentioned facts and figures, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities and Sandeep Matta, Founder at TRADEIT Investment Advisors — recommended 5 shares to buy today.
Sumeet Bagadia's stocks to buy today
1] IDFC First Bank: Buy at CMP, target ₹55 to ₹58, stop loss ₹48
2] BPCL: Buy at ₹455, target ₹465 to ₹475, stop loss ₹445
Mudit Goel's stock of the day
3] Vedanta: Buy at CMP, target ₹335, stop loss ₹312
Sandep Matta's day trading guide
4] BHEL: Buy above ₹60, target ₹63 to ₹66, stop loss ₹56
5] Hemisphere Properties India: Buy at ₹145, target ₹158 to ₹166, stop loss ₹132.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
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