Day trading stocks to buy: Anand Rathi expert recommends three shares to buy today — 18th April
Day trading stocks to buy today: Extending weakness for the third day in a row, the Indian stock market finished lower on Tuesday. The Nifty 50 index lost 124 points and closed at the 22,147 level, the BSE Sensex corrected 456 points and closed at the 72,943 mark whereas the Bank Nifty index went down 288 points and finished at 47,484 level. However, the broad market indices ended mildly in the positive zone even as the advance-decline ratio rose to 1.84:1.
Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the Indian stock market mood may remain sideways today as the Nifty 50 index is close to its 50-DEMA support of 22,100 mark. The Anand Rathi expert went on to add that Nifty today is facing resistance at the 22,500 to 22,600 zone. However, he advised a 'buy-on-dips' strategy till the 50-stock index is above the 22,100 level.
On day trading stocks to buy today, Ganesh Dongre of Anand Rathi recommended three shares to buy today — CAMS, Apollo Tyres, and RCF. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 18 On the outlook for the Indian stock market today, Ganesh Dongre of Anand Rathi said, "On the Nifty front, we are now on the support level of 22,100 to 22,250 zones, which will keep the movement sideways for the Nifty in the upcoming days. Now the resistance for the Nifty spot will be at 22,500 to 22,600.
Read more on livemint.com
