Wednesday’s Daily Trading Guide: 4 Stocks to Buy or Sell Today – July 13

Daily Trading Guide: Due to the rise in the dollar index and continued selling by FIIs, Indian equities ended in negative territory during Tuesday's session. NSE Nifty lost 157 points and closed at 16,058 levels while BSE Sensex plunged 508 points and closed at 53,886. The Nifty Bank index ended down 337 points at 35,1332 levels. The India VIX volatility index ended at 18.55, up 1%. However, the BSE Mid-cap and Small-cap indices fell less than the Nifty 50 index.

Daily trading guide for the stock market today

Speaking today on the day trading guide for Nifty, Chinmay Barve, Head - Technical and Derivates Research at Profitmart Securities, said: "The Nifty repeatedly faced strong resistance around 16,250 at 16,300 since the last two sessions and any advance towards these levels has been met with renewed supply.. Nifty has good support placed around the 15,900 to 15,950 area and the bears should put in extra effort to pull the index decisively below the 15,900 mark. On the upside, Nifty is likely to face resistance at the 16,250 and 16,400 marks.

"After hitting resistance at 16250, the index has retraced some of the recent gains and Nifty is now approaching the 16000 mark. were the reasons for the nervousness. However, the index has formed a "Higher Top Higher Bottom" structure on the lower period charts and until this structure changes, it should only be interpreted as a pullback", said Ruchit Jain, Lead Research at 5paisa.com.

Day trading stocks

Speaking on today's intraday stocks, stock market experts - Anuj Gupta, VP - Research at IIFL Securities and Avinash Gorakshkar, Head of Research at Profitmart Securities - recommended 4 stocks to buy today. today.

Anuj Gupta Intraday Stocks for Today

1]Ashok Leyland: Momentum buy at CMP, target ₹155, stop loss ₹128

2]State Bank of India or SBI: Buy from CMP, objective ₹520, stop loss ₹455

Avinash Gorakshkar's day trading stocks to buy today

3]Tata Power: Buy from CMP, target ₹233, stop loss ₹216

4]Havells: Buy from CMP, target ₹1270, stop loss ₹1190.

Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

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