Stock Market Today: Day Trading Guide from Nifty 50 to Sensex.Monday — 5 stocks to buy and sell on March 18th

Buy and sell stocks: Indian stock markets ended lower on Friday as global market sentiment weakened following the disappointing US February PPI release. The Nifty 50 index corrected 123 points and ended at 22,023 levels. The BSE Sensex index fell by 453 points to close at 72,643 points, while the Bank Nifty index fell by 195 points to close at 46,594 levels. However, the overall market rallied sharply ahead of Friday’s close, with strong rebounds seen in small and mid-cap stocks.

“The Nifty 50 index traded in negative territory throughout the trading session after seeing a recovery in the previous session.The index closed 123 points (-0.6%) lower at the 2023 level.Nifty Intermediate The overall market ended on a mixed note as stocks 100 fell, -0.5%, Nifty Small Cap 100 rose +0.4%, all sectors ended in the red except FMCG and metals, OMCs rose in petrol and diesel retail price INR2 per liter,” 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 and short-term trends remain weak. A decisive move below 21,900 could lead to a sharp decline to the next low. There is a possibility of a decline.” There is near-term support at the 21,500 level and immediate resistance lies at the 22,200 level. ”

Commenting on the outlook for Bank Nifty today, Om Mehra, Technical Analyst, Samco Securities said, “Bank Nifty fell by 2.6% last week to close at 46,594.10. The 46,000 level is now considered as the 45,500 level of Bank Nifty as a key support and the Nifty PSU Bank index continues to underperform while the Nifty Private Bank index remains flat.The RSI 50 level, which indicates continued weakness.Out of 47,000 if Bank Nifty closes above the critical level, this could restart the bullish stance again .”

Commenting on today’s stock market triggers, Siddhartha Khemka of Motilal Oswal said, “This week will be important from an economic perspective as the world’s major central banks, including Japan, US and UK, will announce their interest rate decisions. “Results and commentary on U.S. Federal Reserve policy.” “This indicator will be important as mixed-set macro data continues to make investors nervous about the rate cut schedule. Therefore, the market is expected to remain focused on large-cap and defensive stocks in the near term. We expect the situation to remain stable.”

Nifty call put option data

Chinmay Babu, Head of Technical Derivatives Research at Profitmart Securities, said of the Nifty Call Put Option data, “Some of the major total call interest was seen at 22,300 and 22,500 strikes; 83,524 and 88,785 contracts, respectively.”The 22000 strike price call saw a major open interest addition of 53,883 contracts. ” and added, “One of the major open interests for total put open interest was seen at the 22000 strike, with a total open interest of 100,444 contracts. At the 21,950 put strike price, one of the following was seen: There was a big addition to open interest, with 29,103 contracts added. ”

Bank Nifty Call Put Option Data

Commenting on the data on Bank Nifty Call Put Option, Chinmay Babu said, “One of the major call open interests was seen at 47000 and 47500 strikes, with total open interest of 186076 and 136330 contracts respectively. The strike price 46,500 call had an open interest of 93,242 contracts, and further added, “Some of the major put open interest was seen at the 46,500 strike, for a total open interest of 128,888 contracts. One of the major put open interest additions was at the 46,500 strike. “Interest”, with 63,529 open interest added. “

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. Bonanza Portfolio Research Analyst Durmil Visrani has recommended five stocks to buy or sell today.

Sumeet Bagadia Stocks to Buy Today

1]Solar industry: buy at INR8855.5, target INR9572, stop loss INR8555.

Solar Industries stock is showing strong bullish momentum and is currently trading at an all-time high at the 8989 level. The recent break above the key resistance level at the 8100 level is an important technical development supported by solid trading volume, reinforcing the stock’s strength. This jump suggests the uptrend could continue, giving investors optimism.

2]GPPL: buy at INR205.85, target INR213, stop loss INR201.

A daily chart analysis of the GPPL stock price reveals a notable change in market dynamics, moving from a period of slight declines and sideways consolidation to a promising uptrend. The current trading session reflects an uptrend and could signal an upside breakout from the narrow range momentum. This development is consistent with a short-term positive trend, further reinforced by a surge in trading volumes.

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3]Raymond: buy at INR1740, goal INR1820, stop loss INR1700.

In the short-term trend, the stock has a bullish reversal pattern and a contraction could technically be possible until the next period. INR1820. Therefore, if we maintain the support level, INRThis stock could rebound towards 1700 INR1820 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget price is 1700 INR1820.

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4]HDFC AMC: buy at INRFrom 3819 INR3820, target INR3919, stop loss INR3769.

HDFC AMC regained strength after the pullback and formed a bullish engulfing pattern, after which it closed above the two-week close on a bullish candlestick. The increased volume in today’s trading section indicates that buyers are interested in purchasing securities on the downside. Price closed above the Fast EMA (21) indicating it. After the cool-off, the RSI started moving northward supporting price movements.

5]Bharti Airtel: buy at INRFrom 1218 INR1220, target INR1275, stop loss INR1190 years.

On the daily time frame, BHARTI AIRTEL has breached its all-time high, indicating a continuation of the uptrend. The security closed near its high, indicating that buyers are eager to purchase the security.

The increase in volume is supporting the price trend and indicates that buyers are keen to purchase securities in cmp. The average price front is trading above the 50 and 200 EMAs, indicating an uptrend. In terms of momentum, the RSI is trading in high territory indicating an uptrend.

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.