Day trading guide for today: Six stocks to buy or sell on Tuesday — August 1

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Day trading guide for today: After falling for two straight session, Indian stock market ended higher on Monday following positive. Taking cue from positive global market trends, NSE Nifty ended 107 points higher at 19,753 levels, BSE Sensex surged 367 points and closed 66,527 while Bank Nifty gained 183 points and closed at 45,651 levels. Broad market outperformed key benchmark indices as both small-cap and mid-cap indices climbed to a new peak on Monday session.

Small-cap index surged 1.31 per cent and hit a new life-time high of 35,039 levels. Mid-cap index touched a new all-time high of 30,440 mark and finished 0.86 per cent higher. On outlook for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The underlying trend of Nifty remains choppy.

A decisive move above the immediate resistance of 19,870 levels could open sharp upside towards the next resistance of around 20,000 mark in the near term. Immediate support for Nifty today is placed at 19,600 levels." Speaking on outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said, "Bank Nifty took consecutive support from the 20-Day Exponential Moving Average (DEMA) of 45,362 on the daily chart. A close above today’s high of 45,695 can lead to initiation of fresh longs while 45,300 continues to be a strong support for Bank Nifty." On triggers that may dictate Indian stock market today, Siddhartha Khemka, Head - Retail Research at Motilal Oswal said, "Going ahead, we expect the market to continue its northbound journey with phases of consolidation.