Day trading guide for Tuesday: HDFC, GAIL, GNFC among 9 stocks to buy today — February 7
1 min read . Updated: 07 Feb 2023, 06:50 AM IST
Premium- Analysts expect the Nifty to consolidate in a range between the 17400-18000 levels for the next few sessions
Benchmark indices declined by more than half a per cent at close on Monday due to selling in IT, and metals. The BSE Sensex settled lower by 335 points at 60,506.9 whereas Nifty dipped 0.5% to close at 17,764.6. In the broader market, the BSE midcap gauge rose 0.75% and smallcap index gained 0.49%. Adani group stocks continued to decline, extending its heavy sell-off in over a week.
Day trading guide for stock market today
"While the bias remains positive, we expect the Nifty to consolidate in a range between the 17400-18000 levels for the next few sessions. Traders need to focus on stock specific action to make money," said Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities.
“Nifty remained volatile before closing lower as Nifty ended about 90 points lower. On the daily chart, the index has been making lower tops, suggesting a waning bullishness. However, the bulls could protect the support of 17650. Going forward, the trend may remain sideways. On the lower end, supports are placed at 17650/17400. On the higher end, 17950-18000 may act as a crucial resistance," said Rupak De, Senior Technical Analyst at LKP Securities.
Stocks to buy today as recommended by analysts -
Rajesh Bhosale, Technical Analyst, Angel One Ltd
Buy ASIAN PAINTS, stop loss ₹2,698, target ₹2,860
Buy HDFC AMC, stop loss ₹1,859, target ₹2,010
Sumeet Bagadia, Executive Director at Choice Broking
Buy Bajaj Finance, stop loss ₹5,900, target ₹6,300-6,500
Buy Power Grid, stop loss ₹212, target ₹223-226
Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi
BUY HDFC Ltd at ₹2,685, stop loss ₹2,645, target ₹2,775
BUY Trent at ₹1,230, stop loss ₹1,200, target ₹1,280
Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher
BUY MCDOWELL at ₹780, stop loss ₹767, target ₹807
BUY GNFC at ₹531, stop loss ₹524, target ₹545
BUY GAIL at ₹94.80, stop loss ₹93.50, target ₹98
The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
