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Day trading guide for Monday: 5 stocks to buy or sell today — July 26 – Mint

Day trading guide for Monday: After bleeding heavily for the three successive trade sessions, bulls tried to pull Indian market….

By Reader Post , in Business , at July 26, 2021

Day trading guide for Monday: After bleeding heavily for the three successive trade sessions, bulls tried to pull Indian market. However, this wasn’t enough to pare the early week’s losses and finally NSE Nifty ended at 15,856 levels — around 100 points lower from the previous Friday close. BSE Sensex too lost more than 0.50 per cent and closed at 52,975 — 281 points lower from previous Friday close. However, in this period, BSE Mid-cap index lost mere 0.29 per cent while BSE small-cap index shed around 0.21 per cent in the same period.

While speaking on the day trading guide for traders when the marker opens on Monday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The short term uptrend of Nifty remains intact. There is a possibility of further consolidation or minor downward correction from the highs in early next week. A sustainable move above 15,900 could open next upside towards 16,100 levels in the short term. Any weakness could find support at 15,750 levels.”

Day trading stocks to buy today

On the basis of these facts and figures, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Rohit Singre, Senior Technical Analyst at LKP Securities and Mudit Goel, Senior Research Analyst at SMC Global Securities — recommended these 5 shares to buy today.

Sumeet Bagadia’s shares to buy today

1] ITC: Buy at 211, target 221, stop loss 208

2] SBI Life Insurance Company or SBI Life: Buy at 1050, target 1100 to 1120

Rohit Singre’s day trading strategy

3] KPIT Technologies: Risk momentum buy at CMP, target 310 to 325, stop loss below 280

4] Sunteck Realty: Buy at CMP, target 400, stop loss below 370

Mudit Goel’s stock of the day

5] Sun Pharmaceutical Industries or Sun Pharma: Buy at CMP, target 715, stop loss 685.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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