Home Correction trading Today’s Trading Guide for Wednesday: 6 Stocks to Buy or Sell Today – May 25

Today’s Trading Guide for Wednesday: 6 Stocks to Buy or Sell Today – May 25

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Today’s trading guide for Wednesday: After a flat open on Tuesday, the Indian stock market ended in the red zone for the second consecutive session. The Nifty 50 index ended down 89 points at 16,125 while BSE Sensex lost 236 points and closed at 54,052 levels. The Nifty Bank Index added 42 points and closed at 34,290 levels. Larger markets underperformed, with small and mid cap indices falling more than the Nifty 50-stock index.

According to market experts, the Nifty daily calendar indicates that the index hit a double bottom around the 15,735 levels and rallied strongly last Friday. Nifty, however, failed to convincingly breach the recent swing high of 16,400 and corrected these levels over the past two sessions. They said many stocks were also correcting and failing to hold onto recent gains. This is a sign of weakness and caution is therefore called for. Traders should wait for strength to emerge before going aggressively long.

Daily trading guide for the stock market today

Speaking on the intraday trading strategy, Subash Gangadharan, Principal Technical and Derivatives Analyst at HDFC Securities, said: “While we remain open to further rallies in the very short term, we must remember that the intermediate trend remains at The bears would gain more control once the recent mid low of 15,735 is broken.”

Advising traders to remain cautious, Ruchit Jain, Lead Research, 5paisa.com said, “India VIX rose 10% on Tuesday which is a sign of caution and hence traders should keep an eye on the same. The IT space has continued its correction, validating our recent view that the correction phase is extending in this sector.Nifty Bank has shown relative strength over the past couple of sessions, but it does not “Hasn’t cleared its crucial hurdle yet. So, in case the Nifty resumes its correction in the near term, then the banking space will also follow suit.”

Day trading stocks

Share Intraday Stocks for Today, Stock Market Experts – Sumeet Bagadia, Executive Director at Choice Broking; Mehul Kothari, AVP — Technical Research at Anand Rathi; Anuj Gupta, Vice President – Research at IIFL Securities and Avinash Gorakshkar, Head of Research at Profitmart Securities – recommended 6 stocks to buy or sell today.

Sumeet Bagadia Intraday Stocks for Today

1]Tata Motors: Buy from CMP, objective 440 to 450, stop loss 410

2]HDFC Bank: Buy from CMP, target 1375 stop loss 1280

Anuj Gupta’s stock of the day

3]Zomato: Buy from CMP, target 75, stop loss 58

Mehul Kothari’s day trading

4]Kotak Mahindra Bank: Shop Around 1881 target 1930 stop-loss 1850

Avinash Gorakshkar shares to buy today

5]State Bank of India or SBI: Buy from CMP, objective 478, stop loss 454

6]LIC housing finance: buy from CMP, objective 400, stop loss 368.

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

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