Day trading stocks to buy: PNB to TVS Motor — Anand Rathi expert recommends three shares to buy today
Day trading stocks to buy today: Following weak global market sentiments, the Indian stock market snapped its five-day winning streak on Friday last week. The Nifty 50 index lost 150 points and closed at the 22,419 level, the BSE Sensex shed 609 points and finished at the 73,730 mark whereas the Bank Nifty index corrected 293 points and ended at the 48,201 level. However, the broad market continued to rally northward even as the advance-decline ratio remained firm at 1.06:1.
The small-cap index gained 0.27 percent whereas the mid-cap index shot up 0.83 percent. Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi believes that the Indian stock market may remain sideways till the Nifty 50 index manages to breach above 22,600 level on a closing basis. The Anand Rathi expert went on to add that the 50-stock index has crucial support now placed at 222,200 to 222,100 zone.
On day trading stocks to buy today, Ganesh Dongre of Anand Rathi recommended three shares to buy today — Federal Bank, TVS Motor, and PNB or Punjab National Bank. Also Read: Trade setup for stock market today: 6 stocks to buy or sell on Monday On the outlook for the Indian stock market today, Ganesh Dongre of Anand Rathi said, "On the Nifty front, we are now closed below the resistance level of 22500–22600 zone, which may keep the movement sideways for the Nifty in the upcoming days. Now the next support for the Nifty spot will be 22100–22200.
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