According to stock market experts, crucial overhead resistance at 15,800 levels (previous swing lows, according to the polarity shift concept) has been taken to the upside. But, the absence of a new upside breakout after the upside and the formation of range-bound action after the open could dampen the bulls' effort to hold the highs.
Daily trading guide for the stock market today
Speaking today on the day trading guide for Nifty, Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said: "Nifty's short-term trend continues to be positive. strength to hold the highs during the upside breakout is likely to lead to further consolidation or correction lower from the highs.On the other hand, a decisive upside move above 15,900 could open further to another obstacle of 16,200 levels.
Day trading stocks
Share Intraday Stocks for Today, Stock Market Experts - Rajesh Bhosale, Technical Analyst at Angel One Ltd; Mehul Kothari, AVP - Technical Research at Anand Rathi; Rohit Singre, AVP - Technical Research at Bonanza Portfolio and Anuj Gupta, VP at IIFL Securities - recommended 8 stocks to buy today.
Rajesh Bhosale Intraday Stocks for Today
1]NTPC: Shop Around ₹138.50 target ₹142, stop loss ₹136.60
2]Ambuja Cements: Shop Around ₹365 target ₹378, stop loss ₹359
Mehul Kothari's stock picks for Tuesday
3]Mphasis: buy at ₹2340 target ₹2420, stop loss ₹2300
4]Havells India: Shop Around ₹1102 target ₹1150, stop loss ₹1080
Anuj Gupta's day trading stocks to buy
5]Paytm: Buy from CMP, target ₹760, stop loss ₹668
6]LIC: Buy from CMP, objective ₹740, stop loss ₹628
Rohit Singre's actions of the day
7]CCL Products: Buy from CMP, Target ₹400, stop loss ₹365
8]JSW Energy: Buy from CMP, objective ₹230, stop loss ₹209.
Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.
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