Day trading guide for today: Four stocks to buy or sell on Monday — September 18

livemint.com:

Day trading guide for today: On account of strong global cues, Dalal Street ended higher on third day in a row on Friday. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals. BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark.

Nifty Bank index gained 230 points and closed at 46,231 levels. In broad market, small-cap index added 0.27 per cent whereas mid-cap index too ended in green territory. So, after a pause, Indian stock market witnessed participatory rally on Friday as all major indices participated in strengthening the bull trend on Dalal Street.

"Domestic equities continued their winning streak following their global peers boosted by better-than-expected Chinese and US economic data as well as optimism that the European Central Bank may be close to peak interest rates. Nifty surged to new highs amid buying in index heavy weights and closed with gains of 89 points at 20,192 levels. Further decline in India VIX by 4% to 10.9 added to the positivity.

Sectorially it was a mixed bag with buying interest seen in Auto, IT, and Pharma. Nifty has been scaling new highs over the last few sessions as the sentiments strengthened post the successful G-20 execution which is likely to bolster India’s economy in the global arena. Further lower CPI and wholesale inflation in India are comforting amidst the global inflationary scenario.