August8 , 2022

Day trading guide for Tuesday: 8 stocks to buy today — 19th July

Related

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Search Quotes, News, Mutual Fund NAVs Tata Steel INE081A01020, TATASTEEL,...

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Search Quotes, News, Mutual Fund NAVs Tata Steel INE081A01020, TATASTEEL,...

Why Apple and Amazon results are important

Apple and Amazon added about $175 billion to...

Business News LIVE Today: Latest Business News, Share Market News, Economy & Finance News

Search Quotes, News, Mutual Fund NAVs Tata Steel INE081A01020, TATASTEEL,...

Share

[ad_1]

Benchmark Sensex and Nifty spurted over 1% on Monday following hectic buying in IT, oil and gas and banking shares bolstered by firm global trends. Rising for a second straight session, the 30-share BSE Sensex rallied 760 points to settle at 54,521 while the Nifty advanced 1.4% to 16,278.5.

In the broader market, the BSE midcap gauge jumped 1.4% and smallcap index climbed 1.3%. The Nifty IT index, which is down more than 30% this year, gained 3.2%. Nifty Metal rose by 2.4%, Banking by 1.9% and Consumer Durables by 1.4%. Market breadth was positive as of the total 3,612 share traded on BSE, 2,350 scrips advanced while 1,095 stocks declined.

Meanwhile, the rupee slid to the 80 level against the US dollar for the first time in intra-day trade on Monday. India’s benchmark 10-year bond yield ended largely flat at 7.44%.

Day trading guide for stock market today

“The short term trend of Nifty is positive. Having placed at the edge of upside breakout of the hurdle 16200-16300 levels, one may expect further upside in the market for short term. The next upside levels to be watched around 16500-16600 in the near term. Immediate support is placed at 16200 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

Stocks to buy today as recommended by analysts –

Rajesh Bhosale, Technical Analyst, Angel One Ltd

Amara Raja Batteries: Buy AMARAJABAT, stop loss 470.2, target 500

Godrej Industries: Buy GODREJIND, stop loss 442, target 464

Mehul Kothari, AVP-Technical Research at Anand Rathi

Muthoot Finance: Buy Muthootfin, stop loss 1030, target   1,400

Indiamart: Buy Indiamart, stop loss 4,010, target 4,230

Sumeet Bagadia, Executive Director at Choice Broking

Aditya Birla Capital: Buy ABCAPITAL, stop loss 91, target 100-102

Tata Power: Buy Tata Power, stop loss 221, target 235-240

Avinash Gorakshkar, Head of Research at Profitmart Securities

ICICI Bank: Buy ICICI BANK, stop loss 756, target 800

Hindalco: Buy HINDALCO, stop loss 353, target 397

The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

[ad_2]

Source link