Day trading guide for today: 6 stocks to buy or sell for Wednesday — July 5

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₹2,134.33 crore on Tuesday, however, DIIs selling widened to ₹785.48 crore. On the global front, stocks were steady as traders' sentiment weighed between the inflationary pressure that could arise from soaring oil prices along with hopes that central banks may not over-tighten monetary policy in a possible recession scenario.

The US market was closed on July 4. Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi believes Nifty 50 will find support around 19050/19100 and resistance will be around 19450/19500.

Meanwhile, Bank Nifty is expected to find support between 44000/44200 and resistance in the range of 46100/46200. Meanwhile, Kunal Shah, Senior Technical & Derivative analyst at LKP Securities said, "One should maintain a buy on dips approach on nifty and avoid any short position until breaks 19200.

The immediate support for the nifty index stands at 19300 where maximum open interest in put options data is seen and on the upper end nifty can face resistance at 19500 where maximum open interest in calls is seen, if nifty breaks 19500 levels we can see some further upside move towards 19700." Further, for the Wednesday trade, Ajit Mishra, SVP - Technical Research, Religare Broking said, "The rotational buying across sectors is helping the index to maintain a positive tone despite the overbought condition. And, we feel the scenario would continue, citing the prevailing structure and favorable global cues.