Day trading stocks to buy: Infosys to BEL — Anand Rathi expert recommends three shares to buy today
Day trading stocks for today: Indian stock market is thriving on bullish sentiments as both domestic equity benchmarks Nifty 50 and Sensex achieved lifetime highs in the previous session with the 30-share BSE index breaching the coveted 75,000-mark for the first time. However, the frontline indices shed 0.08-0.10 per cent at the time of closing and settled lower on Tuesday dragged by profit booking and weak global cues.
In the broader market, the BSE Midcap and BSE Smallcap underperformed the benchmarks and closed 0.47 per cent and 0.15 per cent respectively. Investors keenly await the US inflation data and US central bank's Federal Open Market Committee (FOMC's) latest minutes-of-the-meeting -- both due later today, for further cues on the timing of interest rate cuts.
Also Read: 23,000 or 25,000? Here's where experts see Indian benchmark Nifty 50 by FY25-end Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that on the nifty front, the support level is held at the 22500–22550 zone, which will keep the movement upward for the Nifty in the upcoming days. ‘’Now the resistance for the Nifty spot will be 22,900–23,000.
In the last trading session, we moved near the resistance level of 22,900–23,000,'' said Dongre. On shares to buy today, Ganesh Dongre recommended three day trading stocks to buy today —Balrampur Chini Mills, Bharat Electronics Ltd (BEL), and Infosys.
Speaking on the outlook for the stock market today, Ganesh Dongre of Anand Rathi said, ‘’As per today's chart pattern, we have seen the gap up opening and then continuing its bullish trend, but we have also seen some profit booking on the Nifty 50 front, so closing above its resistance level of 22,550, our bullish stand will continue
