Day trading guide for today: Six stocks to buy or sell on Friday — September 22

livemint.com:

Day trading guide for today: On account of strong US dollar putting global markets under selling pressure, Indian stock market ended lower for third straight session. Nifty 50 index lost 159 points and closed at 19,742 levels, BSE Sensex shed 570 points and ended at 66,230 levels whereas Bank Nifty index corrected 760 points and closed at 44,623 mark. In broad market, small-cap and mid-cap indices crashed almost one per cent.

"Domestic equities declined for the third consecutive day after the US Fed’s hawkish stance in its policy meeting. Nifty continued its downward journey to close with the loss of 159 points (-0.8%) at 19742 levels. Selling was seen across the sector including broader markets.

Banking, Auto, Financial Services, and ReaLTy were major losers today. Market fell by 2.2% in the last three days amid profit booking at higher levels. Uncertain global cues and persistent selling by FIIs are likely to keep markets under pressure in the near term," said Siddhartha Khemka, Head - Retail Research at Motilal Oswal.

Motilal expert went on to add that it would be better to prefer defensive sectors for some time until the market stabilizes. On outlook for Nifty 50 index, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The next important supports to be watched around 19,550 levels, which is weekly 10 period EMA. Minor upside bounce is be expected from the supports, but the said bounce could be a sell on rise opportunity." On outlook for Bank Nifty today, Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher said, "Bank Nifty witnessed heavy profit booking as compared to the Nifty index breaching below the important support zone of 44,800 levels to turn the bias weak with most