Day trading guide for today: Following strong global cues Indian stock market closed in positive territory on Tuesday.
Advance decline ratio was sharply positive at 4.28:1.
As happened in the past, the present upside bounce from this support (16,800) could hint at a possibility of sustainable upside move in the near term.
In the near term, our markets are likely to take cues from the international markets move accordingly."
Nifty call put option data On Nifty call put ratio, Shilpa Rout, Derivatives Lead Analyst at Prabhudas Lilladher said, "weekly expiry option chain witnesses PE writers actively adding their positions at 17000/17200 strikes - overall more than a lakh contracts each, with 17200PE being the most active strike as well.
Sumeet Bagadia's stocks to buy today 1] Hero Motocorp: Buy at CMP, target ₹2750 to ₹2800, stop loss ₹2530 2] JSW Steel: Buy at CMP, target ₹655 to s 660, stop loss ₹630 Anuj Gupta's shares to buy today 3] ICICI Bank: Buy at CMP, target ₹910, stop loss ₹838 4] Tata Motors: Buy at CMP, target ₹4440, stop loss ₹377 Mehul Kothari's stock picks for Wednesday 5] Aarti Industries: Buy at ₹774, target ₹815, stop loss ₹754 6] Dhampur Sugar: Buy at ₹217, target ₹225, stop loss ₹210.

Source - Mint
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