Today’s stock market day trading guide: 9 stocks to buy and sell on Tuesday (February 20)

Stock market today: Indian stock market ended with five consecutive gains due to participatory gains in most segments. The Nifty 50 index hit a new high of 22,186 and ended at 22,122 levels. The BSE Sensex index rose 281 points to close at 72,708 points, while the Bank Nifty index added 150 points to close at 46,535 levels. The small cap index outperformed the Nifty 50 index even though the advance/decrease ratio remained high at 1.55:1.

“Domestic equities hit new highs with Nifty touching a new level of 22186.65 level and rising 81 points to close at 22122. Midcap and smallcap indexes surged in line with the benchmark majority. “FMCG was the top gainer today, but real estate, PSU banks, and IT were lagging behind.” Therefore, it remains closed,” said Siddhartha Khemka, head of retail research at Motilal Oswal.

Today’s stock market day trading guide

Commenting on the outlook for the Nifty 50 index, Nagaraj Shetty, Senior Technical Research Analyst, HDFC Securities said, “Nifty’s near-term trend remains positive. However, the market is witnessing a decisive upward breakout in the Nifty 50 index. It shows that they lack the strength to do so.” ”

Commenting on the outlook for Bank Nifty today, Vaishali Parekh, Vice President, Technical Research, Prabhudas Liladhar said, “Bank Nifty once again witnessed resistance near the 46,700 zone and overall remained bearish throughout the session. As mentioned above, the index needs to break through the important hurdle of the 46,800 level to expect further upside, but on the downside, levels near the 46,100, which is the important 50 EMA zone, will remain subdued in the short term. It’s going to be a very supportive level.”

Commenting on the outlook for the Indian stock market today, Siddhartha Khemka of Motilal Oswal said, “Overall, we expect the market to continue its upward momentum following global cues. “The minutes of the U.S. Federal Reserve Board meeting will be important.” This comes after the US released better-than-expected CPI and PPI data, dampening sentiment. ”

Nifty call put option data

Commenting on the Nifty Call Put Option data, Chinmay Babu, Head of Derivatives and Technical Research, Profitmart Securities, said, “One of the major gross call positions was seen on the exercise of 22300 and 22500. The 22200 and 22300 strike prices saw major open interest additions of 29434 and 27155 contracts, respectively.” One of the open interests was seen on exercise of 22,100 and 22,000, for a total open interest of 94,354 and 156,279 contracts,” it added. His one of the major put open interest additions was seen at 22,100 strikes, and the open interest contract he added 53,481 contracts. ”

Bank Nifty Call Put Option Data

Regarding the data of Bank Nifty Call Put Option, Chinmay Babu said, “One of the major total call positions was seen with exercise of 46600 and 47000, while the total open interest was 92940 and 162841 contracts. The strike price was 46,700, and I saw one of them. “One of the major put open interest totals was seen at strikes of 46,500 and 46,000 contracts, for total open interest of 147,827 contracts and 201,684 contracts, respectively.” One added 70,735 contracts of open interest with 46,500 strikes.”

Today’s day trading stocks

Stock market experts on what stocks to buy today – Sumeet Bagadia, Executive Director, Choice Broking. Mr. Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi. Shiju Koothupalakkal, Prabhudas Lilladher Technical Analyst. Mitesh Kalwa, research analyst at Bonanza Portfolio, recommended nine stocks to buy or sell today.

Sumeet Bagadia’s recommended stocks

1]Reliance Industries Limited or RIL: buy at INR2948, target INR3050, stop loss INR2880.

Reliance stock price is currently INRThe 2948.00 level reflects the solid foundation established at the support level. INR2880. Consolidation and fundamental formation at this support level means stability in stock price performance. Additionally, Reliance stock has shown resilience by trading above key moving averages, confirming its inherent strength.

2]Bajaj Finserv: buy at INR1620, goal INR1690, stop loss INR1580.

Bajaj Finserv stock price is currently INR1620.15. From a technical indicators perspective, Bajaj Finserv stock is currently trading above the 100-day and 200-day exponential moving average (EMA) key support levels. This suggests strong bullish sentiment and reinforces our buy recommendation.

Ganesh Dongre Day Trading Stocks

3]HCL Technology: buy at INR1675, Goal INR1715, stop loss INR1650.

In the short-term trend, HCL Tech stock is showing a bullish reversal pattern and a contraction could technically be possible till the next period. INR1715. Therefore, if we maintain the support level, INR1650 This stock is INR1715 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget price is 1650 INR1715.

Four] tata power: buy at INR382, target INR395, stop loss INR374.

In the short-term trend, Tata Power stock is showing a bullish reversal pattern and a cut could technically be possible till the next deadline. INR395. Therefore, maintaining the support level: INR374 This stock is INR395 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget price is 375 INR395.

Buying and selling shares of Shiju Koothupalakkal

5]BLS International: buy at INR383.45, target INR405, stop loss INR375.

BLS International stock after short correction from nearby highs INRThe 430 zone once again showed a positive candlestick from around the important 50 EMA level. INR356 to improve the bias and expect further gains in the coming sessions. The RSI is also improving, indicating a buy signal, so we recommend buying the stock with an initial upside target. INRMaintain stop loss at 405 INR375.

6]DCX System: buy at INR335.45, target INR347, stop loss INR328.

The stock is receiving support near the long-term trend line zone. INR310 level, indicating a positive candlestick formation above the important 100 period MA. INRThe bias has improved at the 330 level and we can expect further upside in the coming sessions. The RSI is also improving, indicating a buy signal, so we recommend buying the stock with an initial upside target. INRMaintain stop loss at 347 INR328.

7]GRSE: buy at INR839.65, target INR880, stop loss INR822.

After a sharp correction, the stock has formed a bottom and is receiving support nearby. INRIt is located in the 755 zone, indicating a pullback towards just passing through the 100-period MA at the 829 level, with the bias improving and further upside expected in the coming sessions. The RSI reversing from the oversold zone is a buy signal, which is our original goal. INRKeep stop loss at 880 level INR822.

Mitesh Kalwa Stocks to Buy Today

8]Aegis Logistics: buy at INRFrom 468 INR470, target INR500, stop loss INR455.

Aegis Logistics stock is seen to be breaking out of the cup-and-handle formation on a weekly basis and forming a bullish candlestick, and therefore a buy recommendation has been initiated against the following targets. INRYou can start buying on a push in the 500. range. INRFrom 468 INRThere is a stop loss below 470 INR455 on a daily closing price basis.

9]Sonata Software: buy at INRfrom 842 INR844, target INR897, stop loss INR813.

Sonata Software stock is seen breaking out of a bullish pattern on the daily time frame and forming a bullish candlestick, which is why a buy recommendation has been initiated against the following targets. INR897. You can start buying at the push in the range. INRfrom 842 INR844 below stop loss INRBased on the day’s closing price, there were 813 people.

Disclaimer: The views and recommendations expressed above are those of individual analysts, experts, and brokerages and not of Mint. We recommend checking with a certified professional before making any investment decisions.