Indian stock market today: Day trading guide for Nifty 50 to Sensex, nine stocks to buy or sell today — Feb 26
Indian stock market today: After showing an excellent upside recovery from the lows on Thursday, the Indian stock market shifted into a range-bound action for the whole session on Friday and closed in the red territory. After climbing to a new all-time high of 22,297, the Nifty 50 index went off 4 points and closed at the 22,212 level, the BSE Sensex slipped 15 points and ended at the 73,142 mark while the Bank Nifty index lost 108 points and finished at 46,811 level.
However, experts believe that the overall sentiment of the Indian stock market today is bullish as the Nifty 50 index is sustaining above the crucial 22,000 level. They advised nine stocks to buy today — SONACOMS, Centum Electronics, M&M Finance, Sunteck Realty, Welspun Corp, LT, Cochin Shipyard, Kfin Technologies, and Astral.
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. On the outlook for the Bank Nifty today, Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher said, "Bank Nifty has been quite underperforming as compared to the Nifty index and would need a decisive breach above 47,400 zones to establish a conviction for a further upward move for next targets of 48,650 and 49,750 levels in the coming days." On the outlook for the Indian stock market today, Siddhartha Khemka, Head - Retail Research at Motilal Oswal said, "This week market might take a pause ahead of various global economic
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