Day trading stocks to buy: Anand Rathi expert recommends three shares to buy today — 23rd April
Day trading stocks to buy today: The weak global market sentiments continued to fuel the Indian stock market for the second straight session on Monday. The Nifty 50 index gained 189 points and ended at the 22,336 level, the BSE Sensex surged 560 points and closed at the 73,648 mark whereas the Bank Nifty index closed 350 points northward at the 47,924 level. The cash market volumes on the NSE were lower at Rs.0.95 lakh crore.
The broad market indices rose more than the Nifty 50 index even as the advance-decline ratio rose sharply to 2.8:1. Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the overall Indian stock market trend may remain positive till the Nifty 50 index sustains above the crucial support zone of 21,800 to 21,900. The Anand Rathhi expert went on to add that the Indian stock market bias may further improve once the 50-stock index breaches above 22,500 to 22,600 resistance zone on a closing basis.
On day trading stocks for today, Ganesh Dongre of Anand Rathi recommended three shares to buy today — MCX, HCL Tech, and RCF. On the outlook for the Nifty today, Ganesh Dongre said, "On the Nifty front, we are now on the support level of 21800–21900 zone, which will keep the movement upward for the Nifty in the upcoming days. Now the resistance for the Nifty spot will be 22500–22600.
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