Daily Trading Guide for Friday: 6 Stocks to Buy or Sell Today — June 10

Daily trading guide for Friday: Despite gloomy global signs, the Indian stock market snapped its four-day losing streak on Thursday. The Nifty 50 Index finished 121 points higher at 16,478 levels, while the BSE Sensex rose 427 points to close at 55,320. The Nifty Bank Index rose 139 points to close at 35,085 levels. Volumes on the NSE continued to be lower than recent averages, suggesting less interest from FPIs.

According to stock market insiders, a long bullish candle has formed on the daily chart at the lows, indicating a Piercing Line type bullish candlestick pattern formation. The piercing line pattern is a bullish reversal pattern and usually forms after dips. Therefore, one can expect more upside in the short term.

Day trading guide for today’s stock market.

Speaking on the day trading guidance for Nifty today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said: “Short-term weakness with range bound action appears to be sitting on the bullish reversal. Nifty forms a candlestick pattern Bullish and close above 16,400 hurdle levels indicate further rally towards 16,700 to 16,800 levels in the near term A sustainable move above 16,500 could generate strong upside momentum Immediate support for NSE Nifty stands at the levels of 16,380”.

Suggesting traders to keep an eye on the expected breakout in Nifty, Ruchit Jain, Lead Research, 5paisa.com said: “Overall, we can see ‘Triangle’ developing on Nifty charts, which is a sign of consolidation. and only on a breakout of this consolidation would we see the next directional move in the market.The extremes of this pattern are around 16,700 and 16,100. Until the index trades within this wide range, one should focus on the approach specific stocks and look to book gains and ease as the index approaches resistance zones Intraday supports for the coming session are around 16,405 and 16,320 while resistances are around 16,570 levels and 16.655”.

stock trading day

Sharing today’s intraday stocks, stock market experts Mehul Kothari, EVP of Technical Research at Anand Rathi, Anuj Gupta, VP of Research at IIFL Securities, and Avinash Gorakshkar, Head of Research at Profitmart Securities, recommended 6 stocks to watch. buy today.

Mehul Kothari Intraday Actions for Today

1]Hindustan Aeronautics Ltd or HAL: buy $1875, target $1925, stop loss $1835

2]Coal India Ltd: Shop Around $199, target $206, stop loss $194

Anuj Gupta day trading shares to buy

3]HDFC Bank: Buy at CMP, target $1420, stop loss $1344

4]Renuka Sugars: Buy at CMP, target $55 stop loss $49

Avinash Gorakshkar shares for Friday

5]UPL: Buy at CMP, target $790, stop loss $725

6]IGL: CMP impulse buy, target $405 stop loss $350.

Disclaimer: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of the Mint.

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