Day trading guide for today: Five stocks to buy or sell on Tuesday — July 11

livemint.com:

Day trading guide for today: After trading sideways for the entire session, Indian stock market ended mixed on Monday. Out of three key benchmark indices, NSE Nifty and BSE Sensex finished higher with marginal gains while Bank Nifty, mid-cap and small-cap indices ended lower. 50-stock index Nifty ended 24 points higher at 19,355 levels while BSE Sensex finished 63 points north at 65,344 mark.

Bank Nifty index corrected 64 points and closed at 44,860 levels. Small-cap index went off 0.26 per cent while mid-cap index lost 0.45 per cent in the previous session. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "After the sharp weakness of Friday, Nifty failing to show any follow-through weakness in subsequent session could be a sigh of relief for bulls.

There is a possibility of another attempt to scale towards the upper range of 19,500 levels in the short term. However, any weakness below the immediate support of 19,300 could lead Nifty towards the next crucial support of 19,200 to 19,000 levels in the near term. Fresh buying could only emerge on a decisive upside breakout above 19,500 levels." On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said, "Bank Nifty is moving in a lower low formation since last three trading sessions.