In this article, we will talk about buying and selling stocks. After bleeding for two straightforward sessions, the Indian stock market finished higher on Thursday. Nifty 50 is the National Stock Exchange stock market index. Nifty 50 indexes earned 109 points and locked at 19, 545 levels, BSE Sensex ended 405 points higher at the 65,631 mark while the Nifty Bank index finished 249 points more elevated at 44,213 levels. The mid-cap index ended marginally more down even as the advance-decline ratio increased to 1.81:1. Currently this news has been making headlines on the internet. Here we have more information about the news and we will share it with you in this article.
Intraday trading strategy for Friday
Vice President, Vaishali Parekh – Technical Research at Prabhudas Lilladher thinks that the Indian stock market’ mood has enhanced after a substantial rescue on Thursday. But, Prabhudas Lilladher professional held that these sentiments would further improve if the Nifty 50 index violations and sustained the above 19,600 levels on a closing basis. On stocks to buy today, Vaishali Parekh suggested three intraday stocks for today and those day trading stocks are IndiGo, McDowell-N or United Spirits, Bombay Dyeing. Scroll down to the next page for more information about the news, so please read the complete article.
As per the report, Vaishali Parekh stated on the outlook for Nifty 50 today “Nifty saw a meaningful recovery to relieve out the feeling to some extent and has shut near the important 50EMA zone of 19,555 levels with also increase anticipated. The index would also require to decisively move past the 19, 600 zone to enhance the trend and expect further upward move till 19,800 to 19,850 levels in the coming sessions.” He also added that Bank Nifty created a worthy pullback ahead of the RBI policy to close the 44200 zone improving the bise to some extent. You are on the right page for more information about the news, so please read the complete article.
Stocks to buy today
1] McDowell-N or United Spirits: Buy at ₹1011, target ₹1060, stop loss ₹995;
2] Bombay Dyeing: Buy at ₹143.75, target ₹152, stop loss ₹141
3] IndiGo: Buy at ₹2473, target ₹2570, stop loss ₹2440.
Parekh’s immediate support for the Nifty today is placed at 19,450 classes while the opposition is witnessed at 19,700 levels. Bank Nifty would have a daily range of 43,900 to 44,500 levels. Here we have shared all the information that we had if we get any information then we will update you soon. Stay tuned to us for more updates.