Day trading guide for today: Six stocks to buy or sell on Thursday — 14th September

livemint.com:

Day trading guide for today: Despite weak global cues, Dalal Street ended higher on Wednesday. NSE Nifty finished above 20,000 levels for the first time ever, logging intraday gain of 76 points. Nifty closed at 20,070 levels whereas BSE Sensex surged 245 points and ended at 67,466 mark.

Bank Nifty finished 398 points higher at 45,909 levels. In broad market, small-cap index outperformed Nifty and Sensex and logged 0.85 per cent intraday gain on Wednesday whereas mid-cap index added 0.19 per cent. "Domestic equities cheered the robust macro data (strong IIP growth and lower inflation) which helped Nifty close above the 20k mark for the first time.

Nifty opened flat in line with weak global markets, but soon witnessed sharp recovery and ended the day with gains of 77 points (+0.4%) at 20,070. Broader market recovered today post yesterday’s profit booking with Midcap100/Smallcap100 up +0.2%/1.0% respectively. Except Auto and IT, all sectors ended in green with PSU Banks rallying more than 4%.

Oil & gas index surged 1% as crude prices climbed to $92/barrel – a 10-month high. Overall the sentiments got boosted post the release of domestic retail inflation which fell to 2-month low of 6.8% while July IIP growth surged to 5-month high," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "A reasonable positive candle was formed on the daily chart, that placed beside the negative candle of Tuesday.