Day trading guide for today: Five stocks to buy or sell on Monday — 28th August

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Day trading guide for today: On account of weak global market cues, Indian stock market ended downside on second day in a row on Friday. NSE Nifty went down 120 points and ended at 19,265 levels, BSE Sensex finished 365 points southward at 64,886 mark whereas Bank Nifty index corrected 264 points and closed at 44,231 levels. NSE Cash market volumes were higher as compared to recent average.

All the sectoral Indices ended in the red. Amongst the sectoral indices, Nifty PSU Banks, Nifty Reality and Nifty Healthcare were major losers. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be negative and there is a possibility of some more weakness in the coming sessions.

However, a sizable upside bounce from the important lower support of 19,000 mark can't be ruled out in the near term. Immediate resistance for Nifty today is placed at 19,380 levels." On outlook fro Bank Nifty today, Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities said, "Bank Nifty also opened with a gap down and drifted lower. Maximum put open interest is placed at 44,000 levels while horizontal support is placed at 43,500.

Bulls will try to stay afloat these levels in the coming week." Market observers and investors are expected to remain vigilant about the board meeting outcome of Vedavaag System, Dhruv Consultancy Services and Blue Chip Tex Fuel Industries as board of directors of these companies are going to consider and approve interim and final dividend. Among dividend stocks in August 2023, three stocks are going to trade ex-dividend today. Those three dividend paying stocks are Wardwizard Innovations and Mobility, Precision Wires and