Day trading guide for stock market today: Nifty 50 to breakout stocks, four stocks to buy or sell today — March 4
Stock market today: The Indian stock market extended its rally in the special trading session on Saturday last week. The Nifty 50 index added 39 points and ended at 22,378 level, the BSE Sensex went up 60 points and closed at 73,806 mark whereas the Bank Nifty index finished 10 points higher at 47,297 level.
However, mid-cap and small-cap witnessed more activity during the special trading session on Saturday as both mid-cap and small-cap indices outshined the key benchmark indices of Dalal Street. According to stock market experts, the Nifty 50 index has breached the psychological 22,200 barrier and the 50-stock index is now well set to touch the 22,500 mark.
They went on to add that the overall trend is positive and predicted that the current bull trend may pull the Nifty 50 index up to the 22,800 level. On stocks to buy today, market experts recommended four stocks to buy or sell today — Glenmark Pharmaceuticals, Data Patterns, Birlasoft, and IEX.
On the outlook for the Nifty 50 index, Vaishali Parekh said, "Nifty witnessed a strong pick-up from the morning session to gain strength as the day progressed and sustained above the 22,200 zone to hit once again the all-time high of 22,419 level to end on a strong note. The index is once again in a strong uptrend with next targets of 22,500 and 22,800 levels expected in the coming days." On the outlook for the Bank Nifty today, Vaishali Parekh of Prabhudas Lilladher said, "Bank Nifty finally witnessed a strong bullish candle on the daily chart to recover from the 50EMA zone of 46,250 level to close on a strong note near 47,300 levels with sentiment much improved expecting for further rise.
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