Day trading guide for stock market today: Six stocks to buy or sell on Tuesday — 31st October
Day trading guide for today: Despite mixed global market cues, Indian stock market ended higher on Monday. Extending the pull back rally for second straight session, Nifty 50 index gained 93 points and ended at 19,140 levels, BSE Sensex shot up 329 points and finished at 64,112 mark whereas Bank Nifty index surged 257 points and closed at 43,039 levels. In broad market, mid-cap index added 0.13 per cent while small-cap index finished with marginal gains.
"Domestic equities saw some buying interested boosted by impressive corporates earnings and increasing hope that US Fed might keep interest rate on hold in its upcoming meeting on 1st November. Nifty opened lower but soon regained strength and closed with gains of 94 points (+0.5%) at 19141. Majority of the sectors ended in green with buying seen in Realty, Oil & Gas, Banking and Financials," 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 continues to be positive with range bound action. The present upside bounce is expected to continue for the short term. The immediate hurdles to be watched around 19,250 and next 19450 levels in the near term.
Immediate support for Nifty today is placed at 19,050 levels." Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 31 On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said, "Bank Nifty has formed a hammer like candle on the daily chart. The option activity at 43,100 is going to be key for the Index as both the writers were seen battling it out to dethrone the other. A close above 43,100 can lead to initiation of
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