Home Correction trading 6 stocks to buy or sell today – October 22

6 stocks to buy or sell today – October 22

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Friday Daily Trading Guide: The weakness continued in the Indian stock market for the third consecutive session on Thursday. NSE Nifty lost 88 points and closed at 18,178 levels while BSE Sensex lost 336 points and closed at 60,923 levels. However, Bank Nifty climbed 512 points and closed at 40,030 levels. In Thursday’s session, a massive intraday bullish rally emerged from the day’s low of 18,048 levels and ended the day by erasing most of the intraday loss. According to stock market experts, this trend indicates an emergence of buying interest from the lows. It also signals the possible completion of the recent downward correction in the market.

On a day when volumes on the NSE were the lowest in the past 4 days, banks were the biggest winners across sectors while metals, telecoms, IT and real estate were the biggest losers.

Commercial view on NSE Nifty

Unveiling of the intraday trading strategy for Friday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said, “The short-term market weakness appears to be ending now. A positive close over the next session could confirm a lower formation higher to Thursday’s low of 18,048. A sustained bullish move from here could finally challenge the recent all-time high of 18,604 near term levels. Immediate support for NSE Nifty is around 18,150-18,050 levels. “

Day trading stocks to buy today

Intraday Stock Sharing For Today, Stock Market Experts – Sumeet Bagadia, Executive Director of Choice Broking; Ravi Singhal, vice president of GCL Securities; Dr Ravi Singh, Director of Research and Vice President of Share India and Manoj Dalmia, Director and Founder of Proficient Equities Private Limited – recommended 6 stocks to buy today.

Sumeet Bagadia intraday actions for today

1]Mahindra & Mahindra Financial Services: Buy from CMP, target ??200, stop loss ??186

2]Ashok Leyland: Buy from CMP, target ??148, stop loss ??136

Ravi Singhhal’s action of the day

3]Federal Bank: Buy around ??97, target ??111, stop loss ??92

Ravi Singh shares to buy today

4]Gabriel India: Buy on ??152, target ??165, stop loss ??145

5]Bank of India: Buy on ??61, target ??75, stop loss ??55

Manoj Dalmia’s stock choice for intraday trading

6]Tanla: Buy on ??CMP, target ??1068, stop loss ??994.

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

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