Day trading guide for today: Six stocks to buy or sell on Thursday — September 7
Day trading guide for today: Indian stock market ended mixed on Wednesday as two out of three key benchmark indices ended in green zone while one in the red territory. NSE Nifty finished 36 points higher at 19,611 levels whereas BSE Sensex added 100 points and ended at 65,880 mark. Bank Nifty index went off 123 points and closed at 44,409 levels.
In broad market, small-cap index ended marginally lower whereas mid-cap index ended higher by a whisker. "Domestic equities continued its momentum for the fourth consecutive day led by optimistic domestic cues. Though Nifty traded in red for most part of the session, on the back of rise in crude oil prices to 10-month high and weak global data points; last-hour rally led to index finally closing in green with marginal gains of 36 points (+0.2 per cent) at 19611 levels.
Broader market too ended in green with Midcap100/Smallcap100 up 0.1%/0.2%. Sectorally it was a mixed bag with FMCG, Pharma and Oil & gas up near 1 per cent," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Motilal Oswal expert went on to add that realty, PSU Banks and Metals saw some profit booking.
Niche sectors like Paper, Sugar, Fertilizers and liquor saw huge buying interest today. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be positive. One may expect further upside in the coming sessions and any dips down to the support of 19,500 is likely to be a buy on dips opportunity.
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