Day trading guide for today: Six stocks to buy or sell on Monday — September 25

livemint.com:

Day trading guide for today: Following weak global market sentiments, Indian stock market ended lower for fourth day in a row on Friday last week. Nifty 50 index finished 68 down at 19,674 levels, BSE Sensex corrected 221 points and ended at 66,009 mark whereas Bank Nifty index ended 11 points lower at 44,612 levels. In broad market, small-cap index ended with marginal gains while mid-cap stock nudged lower by 0.14 per cent.

According to stock market experts, FIIs continued to liquidate long positions in Index futures with the Long-Short Ratio falling from 65.69% to 56.46% in the previous three trading sessions. The Futures Open Interest (OI) indicated buildup of fresh short positions in Nifty futures for the second consecutive day. On outlook for Nifty 50 today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be weak.

Having placed near the crucial lower supports, there is a possibility of minor upside bounce from near 19,550 levels by next week. The anticipated upside bounce could be short lived and the market is expected to reverse down from the lower highs. Immediate resistance for Nifty 50 index is placed around 19,800 to 19,850 levels." On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said, "Bank Nifty made a couple of attempts to go past the 45,000-level mark to Friday but failed to do so.