Day trading stocks to buy: TCS to DLF — Anand Rathi expert recommends three shares to buy today
Stock market today: Following a period of sideways movement on Monday, the Indian stock market experienced a significant shift on Tuesday, slipping into the weakness zone with range-bound action and ending lower. The Nifty 50 index dipped 140 points and closed at the 22,302 mark, the BSE Sensex corrected 383 points and closed at the 73,511 level, while the Bank Nifty index lost 609 points and finished at the 48,285 mark. This marked a notable change in the market's performance, with the India VIX index surging to a new 52-week peak of 17.64 and finishing 2.45 percent higher at 17.01 level, recording nearly 35 percent rise in one week.
Declining shares outnumbered the advancing shares as the advance-decline ratio stood at 0.40 on BSE, the lowest since 15th April 2024. All the sectoral Indices are closed in red (a term used to indicate a negative performance) except Nifty FMCG and Nifty IT. Nifty Reality, Metal, and PSU Banks fell the most among them.
Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi, provides his expert analysis and recommendations for the Nifty 50 index. He believes that the index has immediate support placed at 22,200 to 22,100 zone. If the 50-stock index maintains this support, then some relief rally can be expected.
Dongre also predicts that Nifty may face a hurdle at 22,500 to 22,600 level. For day trading stocks, he recommends three shares to buy today — TCS, HDFC Life, and DLF. Also Read: Trade setup for stock market today: Four stocks to buy or sell on Wednesday On the outlook for the Indian stock market today, Ganesh Dongre of Anand Rathi said, "On the Nifty front, the 50-stock index closed near the support level of 22100–22200 zone, if Nifty holds this support level, then upward
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