Day trading guide for stock market today: Six stocks to buy or sell on Thursday — 23rd November

livemint.com:

Day trading guide for today: Following mixed trends in global market, Indian stock market ended mixed on Wednesday. Nifty 50 and BSE Sensex ended higher whereas Nifty Bank index finished in negative zone. The 50-stock index gained 28 points and closed at 19,811 levels whereas 30-stock index finished 92 points higher at 66,023 levels.

Nifty Bank index lost 239 points and closed at 43,449 mark. "Global markets were mixed after US FOMC meeting minutes release suggested Fed’s cautious approach towards rate hike. Nifty swung between gains and losses throughout the session to finally close in positive territory at 19812 levels – up 28 points.

Sectorally it was mixed with buying seen in IT, Auto and Pharma," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short- term trend of Nifty 50 index remains range bound with positive bias. A decisive move above 19850-19900 levels is expected to open sharp upside towards new all-time highs.

Any weakness from here could find support around 19650 levels." Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 23 On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said, "Bank Nifty was under massive selling pressure since the beginning of the session. It erased some of its losses during the penultimate hour ahead of closing. Call writers overpowered the put writers at the 43,500 Strike in Bank Nifty.