Day trading stocks: BPCL to Bank of Baroda — Anand Rathi expert recommends three shares to buy today — April 5
Day trading stocks today: Following strong global market sentiments on the US Fed rate cut buzz, the Indian stock market ended higher on Thursday. The Nifty 50 index climbed to a new peak of 22,619 and finished 80 points higher at the 22,514 level. The BSE Sensex surged 350 points and closed at the 74,227 mark whereas the Bank Nifty index ended 436 points higher at the 48,060 level.
The cash market volumes on the NSE rose to Rs.1.14 lakh crore. In the broad market, the mid-cap index ended in the negative even as the advance-decline ratio remained above even at 1.78:1. Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the Indian stock market bias is positive as the Nifty 50 index has sustained above its sacrosanct support zone of 22,250 to 22,300 levels.
The Anand Rathi expert went on to add that the 50-stock index may go up to 22,900 levels in the near term once it manages to breach its immediate hurdle placed at 22,550 to 22,600 zones. On stocks to buy today, Ganesh Dongre of Anand Rathi recommended these three day trading stocks for today — HCL Technologies, Bank of Baroda (BoB), and BPCL. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 5 On the outlook for the Indian stock market today, Ganesh Dongre said, "On the Nifty 50 front, we still hold the support level of 22,250 to 22,300 zone, which will keep the movement upward for the Nifty 50 index in the upcoming days.
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