Home / Markets / Stock Markets /  Day trading guide for Tuesday: 6 stocks to buy today — November 29

Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries Ltd (RIL). Rallying for the fifth day in a row, Sensex climbed 211 points to settle at 62,504.8, its fresh record closing high. The Nifty gained 0.27% to end at its record closing high of 18,562. In the broader market, the BSE smallcap gauge climbed 0.77% and midcap jumped 0.72%. 

Day trading guide for stock market today -

"Nifty as per weekly chart is in a sharp uptrend movement and there is no sign of any tiredness/reversal observed at the highs. Having registered a new all time high, the next upside target to be watched for Nifty is at 0.786% fibonacci extension at 18,955 levels (taken from the June bottom, Sept top and Sept higher bottom-as per weekly chart). This could be achieved in the next 1-2 weeks. Immediate support is placed at 18,350 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

“On the daily chart, Nifty has averted a bearish reversal by failing a hanging man pattern formation. The momentum indicator RSI is in bullish crossover and rising, suggesting a rise in ongoing bullish momentum. The short term trend looks positive. On the lower end, support is placed at 18,400. On the higher end, resistance is placed at 18,616/18,800," said Rupak De, Senior Technical Analyst at LKP Securities.

Stocks to buy today as recommended by analysts -

Anuj Gupta, Vice President - Research at IIFL Securities

Wipro: Buy WIPRO, stop loss 490, target 530

Punjab National Bank: Buy PNB, stop loss 49, target 60

Sumeet Bagadia, Executive Director at Choice Broking

Britannia: Buy Britannia, stop loss 4,150, target 4,300-4,340

Asian Paints: Buy Asian Paints, stop loss 3,075, target 3,250-3,300

Mehul Kothari, AVP-Technical Research at Anand Rathi

ITC: Buy ITC, stop loss 332, target 355

Adani Port: BUY Adani Port, stop loss 865, target 910

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

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You


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

Let’s get started

Trending Stocks

Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout