Day trading guide for stock market today: Six stocks to buy or sell on Monday — 20th November
Day trading guide for today: After witnessing choppy trade throughout the day, Indian stock market ended lower on Friday. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels. Both DIIs and FIIs remained net sellers on the previous session.
In cash segment, DIIs sold out Indian stocks worth ₹565 crore whereas FIIs offloaded Indian shares worth ₹477 crore. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 20 "Domestic equity saw a subdued session as selling in financial stocks offset the rally elicited by easing in US inflation and drop in crude oil prices. Nifty snapped its two days of gain and traded in a range to close with loss of 33 points at 19732 levels.
Sectorally it was a mixed bag with buying seen in FMCG, Pharma and Auto. Profit booking was seen in Banking stocks after RBI raised risk weights for unsecured loans. In a truncated week," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal.
Speaking on outlook for Nifty 50 today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The near-term uptrend status of the market remains intact, but there is a possibility of some more consolidation or minor weakness for the Nifty in the next 1-2 sessions. A decisive upside breakout of 19,875 is likely to bring more upside for the short term. At the lows, the area of 19,600 to 19,550 is going to act as a support for the short term." Also Read: Dividend stocks: Anupam Rasayan, Aurobindo Pharma, Cochin Shipyard, 7 other shares to trade ex-dividend today On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical
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