Trading guide for Friday:In addition to the good growth in the last total trading sessions, yesterday’s trading also saw a strong rise for the third consecutive day. BSE Sensex closed 817 points higher at 55,464 level. At the same time, Nifty closed at 16,595 with a gain of 249 points. While Bank Nifty closed at 34,475 with a gain of 660 points. Market watchers say that the current market pattern is showing signs of profit taking at higher levels.
What are global signs
Anuj Gupta of IIFL Securities It says that there is slight weakness in both Dow Jones and SGX Nifty. But the Russia-Ukraine battle for the market will act as an important trigger. Presently the Indian market seems to be oversold. In such a situation, it seems that the market will be seen trading in a range with a positive trend today.
How can the market move in intraday today?
Nagraj Shetty of HDFC Securities says that in the last three trading sessions, the market has seen a strong pullback rally of about 1,000 points. The resistance for Nifty at 16,200 and then at 16,500 was broken recently. But the market did not manage to sustain at the upper levels. Now in any downside coming from here, support can be found for Nifty at 16,500 and 16,200. But any bullish coming from here is showing resistance for Nifty at 16,800-17,000.
Intraday trading guide: Know how the market will move today, where will the earnings be
Day Trading Stocks That Can Earn Huge Earnings
Sumeet Bagadia of Choice Broking Intraday Call
Britannia Industries: Buy at current price, target Rs -3350-3400, stop loss – Rs 3150
GNFC: Buy at current price, Target – Rs 645-650, Stop Loss – Rs 615
Avinash Gorakshakar Intraday Call of Profitmart Securities
Tata Consumer: Buy at current price, target Rs 765, stop loss – Rs 705
Jindal Steel: Buy at current price, target Rs 490, stop loss – Rs 452
Intraday Call by Anuj Gupta of IIFL Securities
Tata Power: Buy at current price, target Rs 255, stop loss – Rs 218
Ashok Leyland: Buy at current price, target Rs 120, stop loss – Rs 97
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