Day trading guide for stock market today: Five stocks to buy or sell on Thursday — November 9
Day trading guide for stock market today: After showing an upside recovery from the intraday lows on Tuesday, Indian stock market shifted into a gradual upside move with range bound action on Wednesday. Nifty 50 index and BSE Sensex eneded marginally higher whereas Bank Nifty index finished in red territory. The 50-stock index Nifty ended 36 points higher at 19,443 levels whereas 30-stock index Sensex closed 33 points higher at 64,975 mark.
However, Bank Nifty shed 79 points and closed at 43,658 levels. In broad market, small-cap index gained 0.60 per cent whereas mid-cap index surged 0.78 per cent. "Domestic equities remained range bound amid mixed global cues.
Nifty traded in positive territory throughout the session and closed with modest gains of 37 points at 19444. Broader market continued to outperform with Nifty mid-cap 100 up 1% while smallcap 100 up 0.7%. Sectorially it was a mixed bag with buying seen in Pharma, Realty and Oil & Gas," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal.
On outlook for Nifty 50 today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The opening upside gap of 2nd, 3rd and 6th November remains intact on the daily chart and the immediate resistance of 19,300 has already been broken on the higher side. The overall chart pattern remains positive and one may expect Nifty to advance towards 19,600 levels in the short term. Any dips from here could be a buying opportunity around 19,300 to 19,250 levels." Stocks to Watch: Power Finance, Tata Power, Lupin, Raymond, HAL, Bata India On outlook for Bank Nifty today, Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher said, "Bank Nifty after a flat opening witnessed a sluggish session to
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