Day trading guide for stock market today: Five stocks to buy or sell on Friday — 24th November
Day trading guide for today: Indian stock market continue to trade mix as selling pressure in IT and pharma stocks dent every bulls' attempt to outperform bears during Thursday deals. Nifty 50 and BSE Sensex ended marginally lower while Nifty Bank index finished in green territory. The 50-stock index ended 9 points lower at 19,802 levels while 30-stock index ended 5 points lower at 66,017 mark.
Bank Nifty index finished 127 points higher at 43,577 levels. "Domestic equities traded lacklustre ahead of extended weekend and lack of global cues. Nifty traded in a narrow range and closed flat with negative bias at 19802 levels.
Majority of the sectors ended in green with Realty, Oil & Gas, and Metals being top gainers. Oil marketing stocks were in limelight on account of fall in Brent crude price after US inventories expanded and discord within OPEC+ forced the group to delay its upcoming meeting. Sugar stocks too witnessed fresh buying due to improved domestic demand.
Two -wheeler stocks like Hero Motocorp, Bajaj Auto and TVS Motor were also in focus amid strong sales growth witnessed during the festival season and rating agency’s rising growth foRECast," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. Also Read: Dividend stocks: PFC, Manappuram Finance, 15 others to trade ex-dividend today On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short-term trend of Nifty 50 index remains choppy. A decisive move above 19,900 levels could open doors towards new all-time highs.
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