Day trading guide for stock market today: Six stocks to buy or sell on Friday — November 10
Day trading guide for stock market today: After showing upside recoveries in the last couple of sessions, Indian stock market continued with choppy movement on Thursday and closed lower on Thursday. Nifty 50 index lost 48 points and closed at 19,395 levels, BSE Sensex went down 143 points and closed at 64,832 mark whereas Bank Nifty index finished 24 points higher at 43,683 levels.
In broad market, small-cap index went off 0.27 per cent while mid-cap index finished marginally higher. "Nifty traded lacklustre throughout the session and closed with loss of 48 points at 19395 levels.
Sectorially as well as broader market were mixed. Buying was seen in select midcap, Auto and Realty stocks.
Nifty after the upmove last week, is in consolidation mode. It has been unable to cross the 19450-19500 levels for last 4 trading sessions.
Overall we expect the ongoing recovery to continue and any dips can be used as buying opportunity," 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 smaller degree of higher tops and bottoms is intact on the daily chart and the recent unfilled opening upside gap around 19,250 levels could offer support for the market during present consolidation to form a higher bottom," adding, "Currently, the market is facing resistance around 19,450 to 19,500 levels and there is a possibility of some more consolidation or minor weakness in the short term, before witnessing a decisive upside breakout in the near term." Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 10 On outlook for Bank Nifty, Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher
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