Today’s stock market day trading guide: 9 stocks to buy and sell on Monday (February 19)

Stock market today: Indian stock markets on Friday ended with gains for the fourth consecutive day on strong market gains. Nifty 50 index rose 129 points to end at 22,040 levels, BSE Sensex rose 376 points to end at 72,426 levels and Bank Nifty index rose 165 points to end at 46,384 levels.

Across the market, both small-cap and mid-cap indexes outperformed major benchmark indices despite a solid advance/decrease ratio of 1.56:1. Big moves were seen in banking stocks, auto stocks, pharma stocks, PSU stocks, and FMCG stocks.

“Domestic stocks rose for the fourth day in a row, recovering more than 500 points (2.3%) from the low of 21,530 and approaching the all-time high level of 22,126. Nifty traded in positive territory throughout the session, posting a significant gain of 130 points. Closed the trade with ” points reached the 22041 level. The overall market remained strong, up ~0.6%. All sectors finished in the green except for oil and gas. Indian markets showed resilience despite volatility. The third quarter earnings season ended on a strong note with Nifty hitting a strong beat. PAT growth was +11% YoY versus 17%,” said Siddhartha Khemka, Head of Retail Research, Motilal Oswal.

Commenting on the outlook for Nifty 50 today, Nagaraj Shetty, Senior Technical Research Analyst, HDFC Securities, said, “Nifty is hovering near the key overhead resistance level at 22,125 level, but remains high and could signal any significant reversal. There are no signs that it will be built.” “Further upside is possible towards new highs around 22150 levels before selling pressure from new highs emerges. Immediate support is at 21,920 levels.”

Commenting on the outlook for Bank Nifty today, Vaishali Parekh, Vice President, Technical Research, Prabhudas Liladhar, said, “Bank Nifty spiked as the gap opened, but resistance was seen near the 46,700 zone, leading to gains. Confirmations are seen to have declined towards the end of the period.” “The index is near the 46,400 level. The index has an important hurdle that it needs to reach the 46,800 level to expect further upside, but on the downside, levels around 46,100, which is an important zone of the 50 EMA, are short-term. It will be a great level of support.”

Commenting on the outlook for the Indian stock market today, Siddhartha Khemka of Motilal Oswal said, “The outlook for pre-election rallies is very strong, so we expect market sentiment to further strengthen.” India Today and Times “Two important preliminary polls by NOW.” “We expect the incumbent NDA led by the Bharatiya Janata Party to win a comfortable majority (over 272 seats). The Nifty is hovering around the All Time Zone today and is expected to hit a new high this week.”

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 total call positions is 22100 contracts and 22200 contracts exercised. The total open interest was 86,380 contracts and 60,784 contracts, respectively. At strike prices of 22100 and 22300 he added large open interest of 52211 and 37135 contracts respectively. He added, “The major total put open interest was seen on exercise of 22,000 and 21,700, and the total open interest was 111,762 contracts.” Each of his 86,699 contracts. One of the major put open interest additions was seen at 22,000 strikes, where he added 76,184 contracts. ”

Bank Nifty Call Put Option Data

Regarding the data on Bank Nifty Call Put Option, Chinmay Babu of Profit Mart Securities said, “One of the major call open interests was seen with strikes of 46500 and 47000, while the total open interest stood at 133840 contracts. and 181,859 contracts.The strike price of 47,000 was one of the big additions to the open interest of 68,311 contracts. were 178,246 and 110,350 contracts, respectively. One of the major put positions,” he added. The addition was seen at 46,000 strikes, and the open interest contract added 47,224 contracts. ”

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 — Technology Research. Shiju Koothupalakkal, Prabhudas Lilladher Technical Analyst. Bonanza Portfolio technical analyst Virat Jagad recommended nine stocks to buy or sell on Monday.

Sumeet Bagadia’s recommended stocks

1]UPL: buy at INR490.40, target INR530, stop loss INR473.

UPL stock price, current price is INR490.40 for cash transactions, which presents an interesting opportunity in a technical situation. The stock has recently undergone a ~16% correction from last month’s closing price, but has since shown strength from low levels, indicating a potential upside trend to achieve its goals. INR530.

2]Devyani International: buy at INR158.75, target INR167, stop loss INR154.

Devyani International Limited, current price is INRAt $158.75 for a cash transaction, it represents an interesting opportunity for investors. Despite the Relative Strength Index (RSI) showing a neutral stance at 40, the stock is showing a bullish candlestick pattern on the chart, suggesting a potential uptrend. Investors are encouraged to consider purchasing DEVYANI. The stop losses are: INR154 Manage potential downside risks.The target stock price is set as follows INRThis reflects an optimistic outlook on potential profits.

Ganesh Dongre Day Trading Stocks

3]Titan: buy at INR3675, target INR3850, stop loss INR3580.

In the short-term trend, Titan stock is showing a bullish reversal pattern and a contraction could technically be possible until the next period. INR3850. Therefore, if we maintain the support level, INR3580 This stock is INR3850 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget stock price is 3580 INR3850.

Four] Tata Communications: buy at INR1812, Goal INR1860, stop loss INR1785.

In terms of short-term trends, Tata Communications stock is showing a bullish reversal pattern and layoffs could technically be possible till the next period. INRTherefore, holding the 1785 support level could cause this stock to rebound towards 1860. INR1860 level in the short term. Therefore, traders can set a stop loss and go long. INRTarget stock price is 1785 INR1860.

Buying and selling shares of Shiju Koothupalakkal

5]TVS motor: buy at INR2138.75, target INR2210, stop loss INR2105.

TVS Motor’s shares have maintained a strong upward trend and have seen some consolidation for some time after a new breakout was signaled by positive candlestick formation due to improved bias. We recommend buying this stock with an upside target as the RSI indicator is in a good position. INRMaintain stop loss at 2210 INR2105.

6]Laurus Institute: buy at INR400, goal INR418, stop loss INR393.

After short-term adjustments, the stock again shows an upbeat candlestick rising above the key 50 EMA level of 397 to improve the bias and look for 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 418 INR393.

7]GNFC: buy at INR659.35, target INR690, stop loss INR646.

After a decent correction, the stock is finding support near the bottom. INRIt was in the 630 zone and recovered well above the 647 level, showing a decent rebound and improving our bias to expect further upside. The RSI has reversed from the oversold zone, giving a buy signal, which was our initial target. INRKeep stop loss at 690 level INR646.

Virat Jagad Stocks to Buy Today

8]Mastech: buy at INRFrom 3090 INR3095, target INR3400, stop loss INR2940.

If we look at the daily chart of Mastek Ltd, we can see that a pennant and pole pattern is forming. This is typically an ongoing pattern that allows bulls to trade above the resistance line. The current setup suggests bullish price action, with buyers keen to buy the stock in hopes of upside. Regarding the Exponential Moving Average (EMA), the stock is trading significantly above his EMA, indicating a positive trend. The slow EMA (21) is rising in line with the trend, reinforcing the positive trend signal. The momentum indicator MACD shows a positive trend as the MACD line crosses the signal line.

9]Maruti Suzuki India Ltd.: buy at INRFrom 11375 INR11385, target INR11900, stop loss INR11030.

A significant breakout of Maruti’s cup-and-handle pattern has been observed. This pattern often indicates an underlying bullish trend. This week’s surge in volume suggests increased buying interest at current price levels, further reinforcing the positive outlook for security. Additionally, Maruti’s price is trading above its major exponential moving average (EMA), indicating a sustained uptrend. This match with the EMA adds further credibility to the bullish scenario.

Additionally, a breakout in the Relative Strength Index (RSI) supports the upside move, confirming the strength of the current trend and hinting at the possibility of further price appreciation. DMI+ sits above DMI-, confirming the existence of a positive trend, while ADX trading above DMI- reflects the underlying strength of the ongoing move. .

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.