Indian stock market sees gains, with small- and mid-cap indices surging. Experts predict continued uptrend and recommend six stocks for day trading. Consult a certified professional before making investment decisions.
The Indian stock market is having a grand ol’ time, rubbing elbows with the likes of the Nifty 50 and the BSE Sensex, which have seen gains over the weekend. “Rocketing” would be an understatement to describe the small- and mid-cap indices, which have experienced surges of 0.91% and 1.32% respectively. Analysts are predicting a sustained uptrend, so it’s time to focus on their recommended stocks for the six-day trading extravaganza. And while we’re at it, let’s remember that these views and recommendations are from individual analysts or brokerage firms, so don’t hesitate to seek the advice of a certified professional before making any investment decisions.
According to the experts, the short-term uptrend of the Nifty remains intact, with the market expected to reach new heights in the 18,200-18,300 range during the upcoming truncated week. The momentum is strong, but a slight bump in the road may be encountered near the 18,200 mark. However, if prices break above that level, it’s all systems go for the bulls with the continuation of the higher high formation.
Now that we’ve established the stock market’s sterling condition, let’s dive into the six stocks recommended for day trading. A word of caution though: investing in these stocks may result in increased heart rates and the occasional bout of euphoria. First on the list is Adani Ports, with a buy recommendation at the current market price (CMP) and a target of $9.41 to $9.53, with a stop loss at $8.86. Next, we have AU Bank, also recommended as a buy at CMP, targeting $9.12 and $9.41 with a stop loss at $8.58. Third is ICICI Lombard General Insurance, suggested to purchase at $14.48 with a target of $15.02 and a stop loss at $14.20.
Adding to the excitement, SAIL is recommended as a buy at $1.11, targeting $1.15 with a stop loss at $1.08. If that’s not enough, Anuj Gupta, Vice President of Research at IIFL Securities, also suggests ITC as a buy at CMP, with a target price of $5.96 and a stop loss at $5.47. Finally, Reliance Industries Ltd (RIL) is recommended as a buy at CMP, with a target of $33.10 and a stop loss at $31.94.
In summary, the Indian stock market is expected to trend higher today, and day traders should keep their eyes peeled for the recommended intraday stocks for potential gains. Remember to consult a certified professional before making any investment decisions, and be prepared for a profitable trading day!
So, the Indian stock market is enjoying a lively weekend session, with key indices (Nifty 50 and BSE Sensex) gaining ground, and small- and mid-cap indices outperforming their major benchmarks. Experts predict a continued uptrend and have recommended a six-pack of stocks for day trading. As always, consult a certified professional before making any investment decisions.
A wave of euphoria has hit the Indian stock market with indices surging higher, led by the Nifty 50 and BSE Sensex. Analysts have gone on record predicting a continued uptrend and have handpicked six stocks for day trading. However, always consult a certified professional before jumping on the bandwagon.
In conclusion, the Indian stock market has taken off like a rocket, and analysts have identified six stocks for day trading. It’s essential to consult a certified professional before making any investment decisions, so buckle up and enjoy the ride!