Day trading guide for today: Four buy or sell stocks for Friday—November 3

livemint.com:

Day trading guide for today: Domestic equity indices Sensex and Nifty 50 settled with significant gains in the previous session, following positive global cues after the US Fed maintained a pause on interest rates. Renewed buying in index heavyweights like Reliance, Britannia, TCS, L&T, ICICI Bank, HDFC Bank, and HUL lifted the Nifty by 0.76 per cent, or 144 points, closing above the 19,100 mark. Nifty 50 closed the day at 19,133.25, up 144 points, or 0.76 per cent.

Sensex settled with a gain of 490 points, or 0.77 per cent, at 64,080.90. Mid and small caps clocked bigger gains. The BSE Midcap index jumped 1.20 per cent while the Smallcap index rose 0.97 per cent.

IT companies, which are much more sensitive to US interest rates than other stocks given a high concentration of US clients, rose 0.78 per cent. The benchmark US 10-year bond yield fell to a two-week low, which, analysts said, boosts the shine of Indian equities to foreign investors, who have recently been on a selling spree. Also Read: Oil rises 1% to snap 3-day losing streak after US Fed, BoE hold key rates unchanged; Brent at $85/bbl On the outlook for Nifty today, Ajit Mishra, SVP - Technical Research, Religare Broking Ltd said, ‘’Upbeat global cues triggered a gap-up start in Nifty, followed by a range bound move till the end.'' ‘’Participants are taking comfort from the rebound in the global indices, especially the US however it is too early to say that we are out of the woods citing multiple hurdles between the 19200-19400 zone in Nifty.