Day trading guide for stock market today: Six stocks to buy or sell on Saturday — 20th January
Buy or sell stocks for today: Despite being Saturday today, dealing on Dalal Street will take place from 9 AM to 3:30 PM. The decision has come ahead of the Ram Temple ‘Pran Pratishtha’ ceremony in Ayodhya on Monday, January 22. So, the stock market in India will remain closed on the following Sunday (21st January 2024) and Monday (22nd January 2024).
On Friday, positive global sentiments helped key benchmark indices of the Indian stock market to register a decent recovery. After losing for three straight sessions, the Nifty 50 index gained 160 points and closed at the 21,622 level, and the BSE Sensex shot up 496 points and closed at the 71,683 mark. However, the Bank Nifty index ended marginally lower at 45,701 level.
"Nifty ended its three-day losing streak as the global market took a breather. The index closed with gains of 160 points (+0.8%) at 21622 levels. All sectors ended in the green.
Buying was seen in Oil & Gas, Metals, and Financials," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, "The upside bounce of Friday could be a cheering factor for bulls to make a comeback. But, as long as the sharp opening downside gap of Wednesday remains open at 21970, there is a higher probability of a sell on rise in the market for the short term.
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