Day trading guide for today: Six stocks to buy or sell on Friday — 8th September

livemint.com:

Day trading guide for today: Amid weak global market cues, Dalal Street ended higher on fifth day in a row on Thursday. NSE Nifty finished 116 points higher at 19,727 levels, BSE Sensex ended 385 points north at 66,265 mark whereas Bank Nifty gained 469 points and closed at 44,878 levels. In broad market, small-cap index ended 0.40 per cent higher after climbing to a new peak of 38,169.65 levels.

However, mid-cap index outperformed Sensex and Nifty as it ended 0.79 per cent higher after close of Thursday session. "Nifty closed higher for the fifth straight day with gains of 116 points (+0.6%) at 19727 levels. Despite weak global cues, market recovered in the second half on account of short covering on the weekly expiry day.

Broader market too ended in green with Midcap100/Smallcap100 up 0.8%/0.5%. Banking and Realty were the major drivers with gains of more than 1%. Niche sectors like Shipping and defence stocks continue to see buying interest on the back of large order wins and strong order book.

Rally continued in paper and sugar stocks," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "A long bull candle was formed on the daily chart, that has surpassed the immediate resistance of 19,650 levels on Thursday and closed higher. The overall chart pattern is indicating a larger upside breakout of broader consolidation or triangle pattern of the last 5 weeks and this is opening potential pattern upside target for Nifty around 20,000 to 20,200 levels over the next couple of weeks.