Day trading stocks to buy: Anand Rathi expert recommends IndusInd Bank, Federal Bank and GAIL to buy today — April 25
Day trading stocks to buy today: Following weakness in the Asian stock market, the Indian stock market opened lower on Thursday, ending its four-day winning streak that started last Friday. The Nifty 50 index is down by nearly 60 points, the BSE Sensex is down by over 200 points whereas the Bank Nifty today is down by nearly 170 points. Asian equity markets dropped after Meta Platforms Inc.’s disappointing outlook raised concern about whether the industry that has powered the bull market in equities has run too far.
Equity benchmarks slid in Hong Kong, Japan, and mainland China, while contracts for US stocks also pointed to declines. Australian financial markets are shut for a holiday. The yen extended declines after weakening beyond 155 per dollar for the first time in more than three decades on Wednesday, heightening the chances of intervention ahead of the Bank of Japan’s decision meeting on Friday.
Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the Indian stock market bias will remain positive till the Nifty 50 index sustains above the 22,200 to 22,250 mark. The Anand Rathi expert maintained that the market mood turns further bullish once the 50-stock index breaches above the resistance placed at 22,550 to 22,600 levels. On day trading stocks for today, Ganesh Dongre of Anand Rathi recommended these three shares to buy today — IndusInd Bank, Federal Bank, and GAIL.
Speaking on the outlook for the Indian stock market today, Ganesh Dongre said, "On the Nifty front, we are now on the support level of 22,200 to 22,250 zone, which will keep the movement upward for the Nifty in the upcoming sessions. Now the resistance for the Nifty spot will be 22500–22600. As per the latest chart pattern,
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