Today’s stock market day trading guide: 6 stocks to buy and sell on Tuesday (February 13)

Stock market today: The Indian stock market gave up its morning gains and ended lower on Monday due to a sharp decline in PSU stocks. The Nifty 50 index plunged 166 points to end at 21,616 levels, the BSE Sensex index plunged 523 points to end at 71,072 levels and the Bank Nifty index plunged 752 points to end at 44,882 levels. In the overall market, the small-cap index fell by 3.16%, while the mid-cap index fell by 2.62%.

“Domestic equities opened on a positive note but soon faced selling pressure amid muted global cues. Nifty closed 166 points (-0.8%) lower at 21,616, while the overall market Sharp decline, Nifty Midcap 100 fell 2.5%, Nifty plunged, Smallcap 100 fell 4%, volatility index – India VIX rose 4% to 16 levels, all sectors except IT and Pharma ended in the red, PSUs booked big profits after surging in the past few months, but many posted weak third-quarter results.Domestic CPI and IIP data expected to be released later on Monday. There was some alarm earlier,” said Siddhartha Khemka, head of retail research at Motilal Oswal.

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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, “A long bearish candlestick has formed on the daily chart, positioned at the edge of a downside breakout of key support of the uptrend line.” I did,” he said. Weakness in benchmark Nifty was accompanied by significant declines in broader market indices such as mid-cap and small-cap segments on Monday. This is not a good sign. Nifty’s short-term trend is negative. BENCHMARK “Broader market indices are now pointing to further weakness in the short term. The next lower support for Nifty this week is at 21,200-21,150 levels. Immediate resistance for Nifty today is at the 21,800 level.”

Commenting on the outlook for Bank Nifty today, Om Mehra, Technical Analyst, Samco Securities said, “In the Bank Nifty space, the session ended at 44,882.25, witnessing a decline of 752 points or 1.65 per cent.PSUs “Banks have borne the brunt and gained experience.” A significant drop of 4.66%. None of the Nifty Bank constituents closed in the green, indicating heavy selling across the sector. Nifty Bank showed a big red candlestick that engulfed the entire previous day’s substance. The index has fallen below the important 200 DMA for quite some time. The combined weakness in PSU stocks and private banking stocks could push the index to 44,000-43,800 levels with strong resistance near 45,600. Caution is required considering the possibility of a false minor pullback leading to further decline. ”

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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 Virat Jagad, technical analyst at Bonanza Portfolio, have recommended his six stocks to buy or sell today.

Sumeet Bagadia Day Trading Stocks

1]Jindal Worldwide: buy at INR343.20, target INR363, stop loss INR331.

Jindal Worldwide stock is currently INR343.20, showing promising signs of potential upside in the stock market. It is worth noting that Jindal Worldwide’s stock price is trading above important moving averages such as the 20-day, 50-day, and 100-day EMA, indicating strong business performance. The Relative Strength Index (RSI) is at a healthy level of 66, suggesting continued upward momentum and investor confidence. Additionally, JINDWORLD’s recent close near the 200-day EMA indicates resilience and potential for an uptrend.

2]Godfrey Phillips India: buy at INR2584, target INR2666, stop loss INR2535.

Godfrey Phillips stock price is currently INR2584. After a period of small declines and sideways consolidation, the stock price recently broke through the neckline level. INR2550, which is rapidly increasing the top price with significant trading volume.Further increases are expected, potentially INR2666 levels. On the downside, it is clear that there is considerable support nearby. INR2535.

Ganesh Dongre Stocks to Buy Today

3]Godrej properties: buy at INR2258, target INR2340, stop loss INR2220.

In the short-term trend, the stock has a bullish reversal pattern and a contraction could technically be possible until the next period. INR2340. Therefore, if we maintain the support level, INR2220 This stock is INR2340 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget stock price is 2220 INR2340.

4]Voltas: buy at INR1075, target INR1110, stop loss INR1040.

In the short-term trend, the stock has a bullish reversal pattern and a contraction could technically be possible until the next period. INR1110. Therefore, maintaining the support level INR1040 This stock is INR1110 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget stock price is 1040 INR1110.

Buying and selling shares of Virat Jagad

Five] wipro: buy at INR500～ INR505, target INR540, stop loss INR480.

Wipro’s daily chart confirms a breakout from the flag and pole pattern, supported by increased volume, indicating renewed interest from buyers. The stock is currently trading near all-time highs and is supported by both the fast and slow exponential moving averages (EMAs), indicating positive price action and consolidation. The upward trajectory of the slow EMA shows a positive crossover along with his MACD, which supports buying interest and highlights a strong uptrend. In particular, the MACD is currently trending upward due to strong momentum, solidifying the bullish stance of the securities industry.

6]Dr. Reddy’s Laboratory: buy at INRFrom 6330 INR6340, target INR6690, stop loss INR6155.

Dr Reddy’s Laboratories Ltd established a breakthrough in the surrounding resistance level. INR6155, active buying interest pushed the stock price above this barrier. Recent positive price movements confirm the influence of buyers, resulting in a breakout of the bottom formation and suggesting that upward momentum may continue. Additionally, the stock is trading above its significant moving average, adding to the bullish trend. The momentum indicator RSI is trading in a higher range, indicating an upward trend in the security. In conclusion, the daily chart of Dr Reddy’s Laboratories Ltd shows a resilient resistance zone at 6690, which is being overcome by active buying activity. Positive price action, combined with trading above key moving averages and favorable RSI levels, suggests bullish sentiment with further upside potential.

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.