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Day trading guide for Tuesday: 9 stocks to buy or sell today — 16th November

Day trading guide: Immediate support for NSE Nifty is currently placed at 18,020 levels, market experts said. (MINT) — Day trading guide: Immediate support for NSE Nifty is currently placed at 18,020 levels, market experts said. **(MINT)**

2 min read . Updated: 16 Nov 2021, 06:44 AM IST Edited By Asit Manohar

Day trading guide: The short term uptrend of Nifty remains intact and the present range bound action is not confirming any reversal from the highs as of now, believe stock market experts

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Day trading guide for Tuesday: After showing sharp upside bounce from the lows, the Indian stock market failed to show follow-through upside move on Monday session and closed the day on a flat note. The NSE Nifty nudged 6 points up and closed at 18,109 levels while BSE Sensex added 32 points and closed at 60,718 levels. According to stock market experts, current market pattern indicates presence of crucial overhead resistance at 18,150 to 18,200 levels and a range bound action at the crucial overhead resistance.

On a day when the volumes on the NSE were in line with the recent averages, healthcare and FMCG gained the most, while metals and telecom lost the most. Mid-cap index closed 0.41 per cent higher while small-cap index closed 0.19 per cent lower.

Trade view on NSE Nifty

Unveiling day trading guide for today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term uptrend of Nifty remains intact and the present range bound action is not confirming any reversal from the highs as of now. There is a possibility of 1-2 days of range-bound movement before showing any upside breakout of 18,200 levels. Immediate support for NSE Nifty is currently placed at 18,020 levels.

Day trading stocks to buy today

Speaking on day trading stocks for today's trade session, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Rohit Singre, Senior Technical Analyst at LKP Securities; Parth Nyati, Founder, Tradingo; Ravi Singhal, Vice Chairman at GCL Securities; Ravi Singh, Head of Research & Vice President at ShareIndia and Manoj Dalmia, Founder and Director at Proficient Equities Limited — recommended 9 shares to buy today.

Sumeet Bagadia's day trading stocks for Tuesday

1] Power Grid Corporation of India: Buy at CMP, target ₹195 to ₹200, stop loss ₹182

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