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

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Day trading guide for Tuesday: After showcasing range-bound movement in last few trade sessions, Indian stock market witnessed a decent upside move on Monday. NSE Nifty rose 151 points and closed at 18,068 levels while BSE Sensex went up 477 points and closed at 60,545 levels. According to stock market experts, current market pattern indicates an upside bounce from the lows and an attempt of upside breakout of the range movement around 18,050 to 18,100 levels. This is a positive indication and one may expect further upside in the short term.

On a day when the volumes on the NSE were a little higher than the recent averages; realty, power, oil & gas and consumer durables indices rose the most while healthcare index fell the most. Small-cap and Mid-cap indices rose between 0.78 per cent to 1.2 per cent.

Trade view on Nifty

Unveiling intraday trading tips for Tuesday; Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities said, “The short term trend of Nifty is positive. Upside breakout of the current range at 18,060 to 18,100 levels could open further upside towards the next resistance of 18,250 to 18,350 levels in the next few sessions. Immediate support for NSE Nifty is placed at 17,850 levels.”

Day trading stocks for today

Speaking on intraday stocks for today, 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 intraday stocks for today

1] Kotak Mahindra Bank: Buy at CMP, target 2220, stop loss 2050

2] BPCL or Bharat Petroleum Corp Ltd: Buy at CMP, target 450, stop loss 421

Mudit Goel’s stock of the day

3] Tata Motors: Buy at CMP, target 515, stop loss 494

Rohit Singre’s shares to buy today

4] MCDOWELL-N or United Spirits: Buy at around 1000, target 1015 to 1030, stop loss 990

5] Metropolis Healthcare: Buy at 3140, target 3200 to 3250, stop loss below 3100

Santosh Meena’s day trading stock for Tuesday

6] Vedanta: Buy at 324.75, target 332.50, stop loss 318.50

Ravi Singhal’s intraday share for today

7] Cholamandalam Investment and Finance Company or Chola Finance: Buy at 638, target 670, stop loss 629

Ravi Singh’s day trading stock for Tuesday

8] Bharat Electronics Ltd or BEL: Buy at 214, target 222, stop loss 211

Manoj Dalmia’s share for today

9] Usha Martin: Buy at 96.60, target 108, stop loss 92.40.

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

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