Home Correction trading 4 stocks to buy or sell today – January 11

4 stocks to buy or sell today – January 11


Tuesday Daily Trading Guide: After showing a minor consolidation type move over the past two sessions, the Indian stock market rose sharply on Monday and closed in red territory. The Nifty 50 index regained 18,000 levels after closing 190 points higher at 18,003 levels, while BSE Sensex jumped 650 points and closed at 60,395 levels. The Nifty Bank Index climbed 608 points and closed at 38,347 levels. According to stock market experts, the current market configuration indicates a strong bullish rebound in the market after a slight decline.

Daily Trading Guide for the Stock Market Today

Speaking on the Daily Trading Guide for Nifty today; Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said, “The bullish movement has continued in the market after a slight decline and the strength of the bullish momentum appears to be returning to the market. The next bullish levels to watch for NSE Nifty are around 18,200-18,350 which could be reached within a week. Immediate support for NSE Nifty is placed at 17,870 levels. “

Ruchit Jain, Lead Research, 5paisa.com said, “Nifty has finally recovered to the 18,000 mark within a very short period of time after the recent correction. This clearly indicates the strong momentum and buying interest of market players. Now, although the trend continues to be positive, the index is trading around its short-term hurdle as some combination of retracements from the recent correction indicates resistance between 18,000 and 18,100. In the derivatives segment, the 18,000 call buyers have built decent positions for the current weekly. expiration and this strike has the largest accumulation of open interests so far. Considering the above factors, a possible short-term correction cannot be ruled out. However, we do not expect a significant price correction as the nuance in both Nifty as well as Bank Nifty remains bullish. Therefore, traders should seek to manage their money properly and look to add positions on the dips rather than continuing to rise in price. “

Day trading stocks to buy today

Sharing day trading stocks for today, stock market experts – Sumeet Bagadia, executive director of Choice Broking and Mudit Goel, senior research analyst at SMC Global Securities – recommended 4 stocks to buy today.

Daily actions of Sumeet Bagadia

1]Britannia Industry: Buy from CMP, target ??3900, stop loss ??3675

2]GAIL (India) Limited: Buy from CMP, target ??147 to ??150, stop loss ??137

Mudit Goel daily actions for today

3]Cummins India Ltd: Buy from CMP, target ??970, stop loss ??940

4]Nitrite Deepak: Dynamic purchasing at CMP, objective ??2640, stop loss ??2570.

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

To subscribe to Mint newsletters

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now !!