IntraDay trading guide: Indian stock markets closed in the red mark for the sixth consecutive day on Wednesday. NSE Nifty fell 28 points at 17,063 and BSE Sensex closed at 57,232 with a weakness of 68 points.
According to stock market experts, the current market trend indicates a bearish rebound-like pattern. There can be a lot of ups and downs in today’s session. He has advised intraday traders to exercise restraint and avoid taking excessive positions till it crosses above the given range.
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On Wednesday, Wall Street lost 1.38 per cent and the Nasdaq was down 2.57 per cent.
Anticipating heavy volatility on the negative side, Anuj Gupta, Vice President, IIFL Securities said, “Traders are advised to keep an eye on new developments related to Russia-Ukraine crisis as Ukraine declares emergency. has done At the same time, Moscow has vacated its embassy. So, today the market may open with weakness.
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Nagraj Shetty, Technical Research Analyst, HDFC Securities, said, “Short term trends in the stock market remain volatile and the market is finding it difficult to sustain higher levels. There is a possibility of trading in a range for the next 1-2 days. Nifty may touch the level of 16,800 in the near future. NSE Nifty has immediate resistance at 17,220.
Today’s intraday call, in which you can earn good money
Sumeet Bagadia of Choice Broking Intraday Call
MCX: Sell at current price, Target – Rs 1250, Stop Loss – Rs 1320
Shriram Transport Finance : Sell at current price, Target – Rs 1140, Stop Loss – Rs 1220
Intraday Call by Anuj Gupta of IIFL Securities
IOC: Buy at current price, target – Rs 124, stop loss – Rs 109
Vishwaraj Sugar Industries : Buy at current price, Target – Rs 26, Stop Loss – Rs 18
Intraday Call by Avinash Gorakshakar of Profitmart Securities
Titan Company: Buy at current price, target – Rs 2570, stop loss – Rs 2460
United Spirits : Buy at current price, Target – Rs 895, Stop Loss – Rs 835
Disclaimer: The views and investment tips of investment experts on Moneycontrol are their own and not that of the website or its management. Moneycontrol advises its users to consult certified experts before taking investment decisions.
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