Stock Market Today: Day Trading Guide from Nifty 50 to Sensex.6 stocks to buy or sell today — March 11th

Stock market today: Indian stock markets remained range bound last Thursday despite strong global clues about a possible rate cut by the US Federal Reserve. The Nifty 50 index rose 19 points to end at 22,493 levels, the BSE sensitive index Sensex rose 33 points to end at 74,119 levels, while the Bank Nifty index fell 129 points to end at 47,865 levels. However, buying movements were seen across the market, with the small-cap index rising 0.70% and the mid-cap index rising 0.39%.

“Nifty consolidated in positive territory ahead of the long weekend after hitting new highs above the 22,500 zone.The index closed with a gain of 20 points at 22494 levels over the past few sessions. After sustained pressure, the overall market saw some buying.” “Most sectors ended in the green with buying seen in metals, FMCG, financials, consumer durables etc.” Tata “The story about Sands IPO has focused attention on several stocks of the Tata group, several of which held stakes in the company.” Siddhartha Khemka, Head of Retail Research, Motilal Oswal;

Regarding the outlook for the Nifty 50 Index, Nagaraj Shetty, Senior Technical Research Analyst at HDFC Securities, said, “The short-term upward trend of the Nifty 50 Index remains unchanged. It’s nearby,” he said. (His 1.618% Fibonacci prediction of long-term up/down movement). Immediate support for Nifty today lies at 22,310 level. ”

Commenting on the outlook for Bank Nifty today, Vaishali Parekh, Vice President, Technical Research, Prabhudas Liladhar, said, “Bank Nifty, which has already shown strength, is gradually rising and we are not seeing any positive bias. “Bank stocks such as HDFC Bank, Kotak Bank and IndusInd Bank have good prospects in the short term. With the index at the highest level, there will be some consolidation. “As expected, the trend remains strong and further increases are expected in the coming days.” Parekh.

Prabhudas Liladha’s Vaishali Parekh further added that support for this week is seen at 73,000/22,000 levels and resistance is seen at 75,200/23,000 levels. Nifty Bank’s weekly range will be between 46,500 and 49,000 levels.

Commenting on today’s stock market outlook, Siddhartha Khemka of Motilal Oswal said, “This week, investors in the Indian stock market will take cues from the results of the ECB interest rate meeting and the US non-farm employment data released last Friday. I will do it,” he said. “Also, the second round of economic indicators will continue to drive market sentiment. We expect the Nifty 50 index to move towards 22,700-22,750 in the coming days, with continued gains led by large-cap stocks. There’s

Nifty call put option data

Chinmay Babu, Head of Technical Derivatives Research at Profit Mart Securities, commented on the Nifty Call Put Option data, saying, “The main total open interest was seen in the exercise of 22,500 and 22,600 contracts; were 84,194 and 56,169 contracts, respectively. The price of the 22,500 call saw the addition of a major open interest of 54,242 contracts,” adding, “One of the major total put positions was the right of 22,500 and 22,400 contracts. The total open interest was 71,491 contracts and 77,563 contracts, respectively. We saw one big addition to the open interest for the 22,500 put strike, which added 55,348 contracts.”

Bank Nifty Call Put Option Data

Commenting on the data on call and put options on Bank Nifty, Chinmay Babu said, “One of the major gross call positions was seen on exercise of 48000 and 48500 contracts, with total open interest of 208147 and 93279 contracts respectively. “The strike price of the 48,000 call saw a significant addition to open interest of 90,901 contracts,” he added, adding, “One of the major put open interest totals was seen at the 48,000 contract and 47,500 strike, and the total open interest was 133,998 contracts. “It was 107,131 contracts. One of the major put open interest values,” he added. The addition was seen at 47,800 strikes and the contract in open interest added 48,620 contracts to his. ”

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. Mitesh Kalwa, research analyst at Bonanza Portfolio, recommended six stocks to buy or sell today.

Sumeet Bagadia Stocks to Buy Today

1]Zensar Technologies: buy at INR591, target INR622, stop loss INR580.

Zensar Tech’s stock price is currently INR591. Stock prices have consistently INR525 level and has been established as a reliable support zone. The stock’s expected trading range is expected to be: INR550 and INR600, with the possibility of lateral movement within this range.Definitive closing price above INR600 level could push stock price higher INRWe will reach the 622 level in the next few days.

2]Blue Star: buy at INR1324, target INR1367, stop loss INR1292.

Bluestar’s stock price is currently INR1323.9 level, reflecting a solid foundation established at the support level. INR1290. Consolidation and foundation formation at this support level means stability in stock price performance. Additionally, Bluestar stock has shown resilience by trading above key moving averages, confirming its inherent strength.

Ganesh Dongre Day Trading Stocks

3]Hero MotoCorp: buy at INR4645, target INR4850, stop loss INR4570.

In the short-term trend, the stock has a bullish reversal pattern and a contraction could technically be possible until the next period. INR4850. Therefore, if we maintain the support level, INR4570 This stock could rebound towards levels of INR4850 in the short term. Therefore, traders can set a stop loss and go long. INRTarget stock price is 4570 INR4850.

4]Raymond: buy at INR1760, goal INR1820, stop loss INR1730.

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, INRIn 1730, this stock could rebound towards 1820 levels in the short term. Therefore, traders can set a stop loss and go long. INRTarget stock price is 1730 INR1820.

Buying and selling Mitesh Kalwa shares

5]Tata Power: buy at INRfrom 424 INR425, stop loss INR445, stop loss INR413.

Tata Power stock price is seen breaking through the resistance zone in the daily time frame and forming a bullish candlestick, hence a buy recommendation has been initiated against the price target. INRYou can start buying at a push within the range of 445. INRfrom 424 INRThere is a stop loss below 425 INRBased on the daily closing price, it was 413.

6]Chambal fertilizer: buy at INRFrom 372 INR373, stop loss INR385, stop loss INR367.

Chambal Fertilizers stock price is seen to be breaking out of a bullish pattern and forming a bullish candlestick in the daily time frame, which is why a Buy recommendation has been initiated against the following targets. INR385. You can start buying at the push in the range. INRFrom 372 INRThere is a stop loss below 373 INR367 on a daily closing basis.

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.