Day trading guide for stock market today: Five stocks to buy or sell on Tuesday — 7th November
Day trading guide for stock market today: On account of strong global cues, Indian stock market extended its rally for third straight session on Monday. Nifty 50 index advanced 181 points and closed at 19,411 levels, BSE Sensex shot up 594 points and ended at 64,958 mark whereas Bank Nifty index finished 301 points up at 43,619 levels.
In broad market, mid-cap index gained 0.90 per cent while small-cap index advanced one per cent. Speaking on Nifty 50 outlook, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The immediate resistance of 19,250 has been taken out sharply on the upside on Monday and the market is now advancing towards the next overhead resistance of around 19550-19600 levels in the short term.
Immediate support for Nifty today is placed at 19,320 levels." On Bank Nifty today, Rupak De, Senior Technical analyst at LKP Securities said, "The Bank Nifty stayed positive throughout the day. On the higher side, the index closed above the 21-day moving average (21DMA).
The trend is expected to remain sideways to positive in the near term. Support on the lower end is located at 43,300 points.
On the higher end, a move above 43,700 points could trigger a rally towards 44,500 points." Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 7 Asked about outlook for stock market today, Siddhartha Khemka, Head - Retail Research at Motilal Oswal said, "Overall we expect market to remain positive over the next few days ahead of the Diwali festival over the weekend. Action could be seen in broader market with niche segments in stronger momentum." Speaking on Nifty Call Put Option data, Chinmay Barve, Head of Technical and Derivative Research at Profitmart Securities said, "Major
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