Indian stock market today: Day trading guide for Nifty 50 to Sensex, eight stocks to buy or sell today — Feb 27
Day trading guide for Indian stock market today: On account of weak global market sentiments, the Indian stock market ended lower on Monday. The Nifty 50 index lost 90 points and closed at the 22,122 level, the BSE Sensex dipped 352 points and ended at the 72,790 mark whereas the Bank Nifty index corrected 235 points and closed at the 46,576 level.
In the broad market, the small-cap index fell less than the Nifty 50 index even as the advance-decline ratio fell to 0.64:1. According to Indian stock market experts, the Nifty 50 index is in the 22,050 to 22,250 range and breakout on either side will provide a proper direction.
On stocks to buy today, experts listed out eight buy or sell stocks — TVS Motor, HFCL, L&TFH, CUB, HUDCO, CDSL, Gujarat Fluorochemicals, and SONACOMS. On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, "The near-term uptrend of the Nifty 50 index remains intact.
Having faced a hurdle at 22,250 to 22,300 levels, there is a possibility of a minor dip in the market next week and that could be a buy-on-dips opportunity. Immediate support for Nifty today is placed at 22,040 levels." Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher said, "The Bank Nifty index as compared to the Nifty 50 index is witnessing sluggishness and with near-term support maintained near the 50EMA level of 46,200 zones, it would need to breach above the 47,300 band to trigger for fresh upward move." On the outlook for the Indian stock market today, Aditya Gaggar Director of Progressive Shares said, "With a bearish divergence in RSI, the Nifty 50 index has made a small bearish candle.
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