Day Trading Guide For Wednesday: 4 Stocks To Buy Or Sell Today — 9th February | Yourstory Buzz

Trade stocks Day: After heavy selling in three consecutive sessions, the Indian stock market finally ended at Green Zone on Tuesday. NSE Nifty ended 53 points higher at 17,266 while BSE Sensex rose 187 points and closed at 57,808. The NIFTY index Bank Nudged 33 shows and closes at 38,028.

On Tuesday, after opening with a positive note, Nifty made an effort to rise immediately after the opening. It failed to sustain the highest and then showed high volatility of intraday swing movements up and down in the middle of the session. According to stock market experts, intraday sustainable reverse recovery looks towards the end. Technically, the formation of these patterns after reasonable weakness gives a reverse bounce signal on the post-confirmation of the reversal pattern.

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Stock market today: What global cues signal?

Expect a reversal of trends in the Indian stock market; Anuj Gupta, Vice President at IIFL Securities said, “Wall Street ended sharply higher on Tuesday, appealed by Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT), while the leap in the Treasury results generated the reading of the main inflation this week. This has been taken positively by the global market because SGX Nifty is currently opened to higher. So, we can expect a reversal of trends in the Indian stock market today. “

Anuj Gupta said that immediate support for Dow Jones Futures was placed at 35,180 while strong support at 34,900 while the obstacles immediately reached 35,550 while strong obstacles for Dow Futures were placed at 35,850. Likewise, he suggested a trader of the day to oversee SGX Nifty because it had strong support at 16,800 while direct support was placed at 17,100. Similarly, SGX Nifty faced the obstacles immediately at 17,480 while 17,650 was a strong obstacle for SGX Nifty. Which side damage must be taken as a sign for the Indian market in the upcoming session.

Day trading guide for stock market today

Talk to the day trading guide for nifty today; Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, “The three sharp decline sessions seem to have been stopped and the overall graph showed another small up bouncing from here or from around 17,000 marks. Reverse bouncing can be short-lived and someone might expect another upper down formation under the level of 17,800. “

Echo with the view of Nagraj Shetti; Sumeet Bagadia, Executive Director at Choice Broking said, “Immediate support for Nifty is placed at 17,100 while 17,000 can be considered strong support for the 50-stock index. Similarly, the direct obstacle for Nifty 50 is 17,350 while strong obstacles for nifty. Placed at 17,450 Level. In the Nifty Bank index, support was immediately placed at 37,500 while 37,300 worked as strong support while 38,300 and 38,700 each obstacle for the Nifty Bank index. “

Day trading strategy for Wednesday

Open the trading strategy of the day for the current Indian stock market; Ruchit Jain, Research Leader at 5pais.com said, “Traders are advised to find opportunities to buy if Nifty goes beyond Tuesday 17,306 in the upcoming session. Low 17040 will not be sacred and will be considered a major support if the price turns from the current level.”

Day trading stocks to buy today

Share trading shares Today’s trading today, Sumeet Bagadia Choice Broking and Anuj Gupta from IIFL Securities recommended 4 shares to buy or sell today.