Day trading guide for today: After a one day reprieve on Friday session, Indian stock market continued its downside move on Monday.
Nifty 50 opened flat but sell-off triggered soon and the 50 stocks index finished 207 points lower at 16,887 levels.
Technically, this pattern indicates a lack of strength to sustain the upside bounce in the market and the crucial lower support of 16,750 to 16,800 levels could be tested again.
CE writers standing tall at 17000CE and above strikes- with also more than a lakh contracts and PCR_OI at 16900 being nearly 0.5 ,is crucial to watch for the direction ahead."
Day trading stocks Sharing intraday stocks for today, share market experts — Sumeet Bagadia, Executive Director at Choice Broking; Anuj Gupta, Vice President — Research at IIFL Securities and Manoj Dalmia, Founder & Director, Proficient Equities — recommended 6 stocks to buy or sell today.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
Source - Mint
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