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

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) — 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)**

2 min read . Updated: 10 Nov 2021, 07:03 AM IST Edited By Asit Manohar

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

Listen to this article

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

MINT PREMIUM See All

With inflation hitting low-income households the hardest, economists expect them to forgo discretionary purchases if incomes fail to rise.

Premium

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.

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

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.