Today’s stock market day trading guide: 6 stocks to buy and sell on Monday (January 15)

Stock market today: Indian stock markets on Friday extended their winning streak for four consecutive sessions despite weakness in global indicators. The Nifty 50 index closed at 21,894 levels after rising to a new high of 21,928. The BSE Sensex ended at 72,568 levels after recording a new peak of 72,568. Nifty Bank index rose 271 points to close at 47,709 levels. Despite continued focus on large-cap IT stocks, banking stocks and Reliance, broad market indexes did not rise as much as the Nifty. The rise/fall ratio remained positive at 1.09:1.

“Rise in the IT sector and a 19% rise in India’s net direct tax collection supported new highs in domestic equities on Friday. Nifty hit a new all-time high of 21928 levels during trade, a significant gain of 247 points (+1.1%) at 21894 levels.The IT sector saw a sharp 5% rally after TCS and Infosys surprised the streets with better-than-expected Q3 results.Nifty. Currently, we are 100 points away from crossing the next milestone – the 22k zone,” said Siddhartha Khemka, Head, Retail Research, Motilal Oswal.

Today’s stock market day trading guide

Commenting on the Nifty 50 outlook today, Nagaraj Shetty, Senior Technical Research Analyst, HDFC Securities said, “The Nifty 50 on the weekly chart has formed a reasonably bullish candlestick with a long bottom whisker. The implication of the Doge pattern has now been nullified.” ”

Commenting on the outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst, Samco Securities, said, “Bank Nifty shook off initial weakness and rose steadily throughout the day, rising 271 points to 47,710. “The trade closed. There were a lot of puts (bullish entries).” ) 47,500 strikes, leading to an intraday rise in Bank Nifty. After today’s close, the index’s resistance has now moved to the 48,000 level. Options trading at the 47,500 level will give clues regarding the future direction of Bank Nifty. ”

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Commenting on the stock market outlook today, Siddhartha Khemka of Motilal Oswal said, “This week, the market will take cues from Q3 results, Indian inflation and US PPI data.HDFC Bank, HUL , Ultratech, ICICI Bank and Asian Paints.” , several mid-cap stocks are expected to report third-quarter results this week. Therefore, we may see some stock-specific moves. US markets will remain closed on Monday. ”

Today’s day trading stocks

Stock market experts on what stocks to buy today — Sumeet Bagadia, Executive Director, Choice Broking. Ganesh Dongre, senior technical research manager at Anand Rathi, and Kunal Kumble, senior technical analyst at Bonanza Portfolio, have recommended his six stocks to buy or sell today.

Sumeet Bagadia’s Intraday Stocks Today

1]Torrent: buy at INR3212, target INR3288, stop loss INR3179.

Torrent’s stock price is currently INR3212. On the daily chart, a price-formed rising wedge candlestick pattern is occurring, and there is plenty of volume. This pattern suggests a target price. INR3288 in the short term.Buy on the spur of the moment, especially in the following ranges: INR3200～ INR3195 appears to be a favorable entry point; INR3179 serves as an important support level for the stock price.

2] Sober: buy at INR1348, target INR1435, stop loss INR1311.

SOBHA stock recently experienced a significant breakout above key resistance zones ranging from: INR1300～ INR1340 on the daily chart. This breakout was accompanied by a strengthening upward movement characterized by higher highs and higher lows. The strong bullish sentiment is further supported by a notable spike in trading volumes.

Ganesh Dongre Stocks to Buy Today

3]Payment: buy at INR690, target INR715, stop loss INR680.

In the short-term trend, Paytm stock is showing a bullish reversal pattern and a contraction could technically be possible till the next period. INR715. Therefore, maintaining the support level: INR680 This stock is INR715 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget price is 680 INR715.

4]Bank of India: buy at INR128, target INR135, stop loss INR120.

Indian bank stocks are showing a bullish reversal pattern; INR120. This stock is INR135 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget price is 120 INR135.

Kunal Kumble stock buying and selling

5]Offus: buy at INRFrom 4656 INR4658, target INR5290, stop loss INR4330.

OFSS has witnessed a breakout of the cup and handle pattern. An increase in volume indicates that buyers are more interested in purchasing the security. The price is trading above the key EMA, indicating an uptrend for the security. The RSI showed a breakout of the downtrend line that supports the price movement.

6]Tata Consumer: buy INRFrom 1159 INR1161, target INR1295, stop loss INR1090.

In daily time, Frame Tata Consumer has breached an 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 price action 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. On the momentum side, the RSI supports the price movement.

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