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Day trading guide for Wednesday: 9 stocks to buy or sell today — 10th November

Day trading guide: Eventually, the market could break above this 18,100  hurdle in the short term and move towards the next resistance of 18,350 levels in the near term, say experts. (iStock)Premium
Day trading guide: Eventually, the market could break above this 18,100  hurdle in the short term and move towards the next resistance of 18,350 levels in the near term, say experts. (iStock)

  • Day trading guide: The market seems to be reluctant to pick up the upside momentum and stuck at the hurdle of around 18,100 levels, believe experts

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Day trading guide for Wednesday: After showcasing convincing upside bounce from the lows on Monday, the Indian stock market failed to continue with upside move on Tuesday trade session. The NSE Nifty closed 24 points lower at 18,044 levels whereas BSE Sensex shed 112 points and closed at 60,433 mark. According to stock market experts, current market pattern indicates continuation of range bound action below the crucial overhead resistance of 18,100 levels.

On a day when the volumes on the NSE were a little below recent average; capital goods, auto and oil & gas indices gained the most while metals, banks and FMCG indices fell the most. Small-cap and mid-cap indices were up 0.71 per cent and 0.83 per cent respectively.

Trade view on NSE Nifty

Unveiling intraday trading strategy for Wednesday; Subash Gangadharan, Senior Technical and Derivative Analyst at HDFC Securities said, "The market seems to be reluctant to pick up the upside momentum and stuck at the hurdle of around 18,100 levels. Eventually, the market could break above this hurdle in the short term and move towards the next resistance of 18,350 levels in the near term."

Day trading stocks to buy today

Sharing intraday stocks for today's trade session, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities; Rohit Singre, Senior Technical Analyst at LKP Securities; Santosh Meena, Head of Research, Swastika Investmart; Ravi Singhal, Vice Chairman at GCL Securities; Ravi Singh, Head of Research & Vice President, ShareIndia and Manoj Dalmia, Founder and Director, Proficient Equities Limited — recommended 9 stocks to buy today.

Sumeet Bagadia's stocks to buy today

1] Reliance Industries: Buy at CMP, target 2600, stop loss 2475

2] Bata India: Initiate momentum buy at CMP, target 2200 to 2250, stop loss 2120

Mudit Goel's stock of the day

3] Bandhan Bank: Buy at CMP, target 316, stop loss 302

Rohit Singre's intraday stock for today

4] ABB India: Buy at 2171, target 2320 to 2400, stop loss below 2070

Santosh Meena's day trading stock for Wednesday

5] IDFC: Buy at 59, target 62.50, stop loss 57

Ravi Singh's shares to buy today

6] HDFC Life: Buy at 705, target 720, stop loss 700

7] ICICI Bank: Buy at 786, target 800, stop loss 778

Ravi Singhal's stock pick of the day

8] Power Grid Corporation of India Limited: Buy at 186, target 192 and 199, stop loss 182

Manoj Dalmia's day trading stock

9] KPIT Technologies: Buy at 370, target 398, stop loss 362.

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

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