Day trading stocks to buy: PNB to TVS Motor — Anand Rathi expert recommends three shares to buy today

Anand Rathi banal picks for Monday

Ganesh Dongre, Senior Manager — Technical Research astatine Anand Rathi believes that the Indian banal marketplace whitethorn stay sideways till the Nifty 50 scale manages to breach supra 22,600 level connected a closing basis. The Anand Rathi adept went connected to adhd that the 50-stock scale has important enactment present placed astatine 222,200 to 222,100 zone. On time trading stocks to bargain today, Ganesh Dongre of Anand Rathi recommended 3 shares to bargain contiguous — Federal Bank, TVS Motor, and PNB oregon Punjab National Bank.

Also Read: Trade setup for banal marketplace today: 6 stocks to bargain oregon merchantability connected Monday

Stock marketplace today

On the outlook for the Indian banal marketplace today, Ganesh Dongre of Anand Rathi said, "On the Nifty front, we are present closed beneath the absorption level of 22500–22600 zone, which whitethorn support the question sideways for the Nifty successful the upcoming days. Now the adjacent enactment for the Nifty spot volition beryllium 22100–22200. As per today's illustration pattern, we person seen the spread up opening but past we person seen nett booking for the remainder of the time and closed successful antagonistic territory. So, connected the Nifty front, until the clip Nifty holds supra its enactment level of 22100–22250, the Nifty volition stay successful a bullish inclination until the absorption level of 22800 to 22900. Currently, Nifty is successful an overbought condition, truthful further stock-specific nett booking whitethorn beryllium imaginable successful upcoming days."

Also Read: Buy oregon sell: Vaishali Parekh recommends 3 stocks to bargain contiguous — April 29

Shares to bargain today

1] PNB: Buy astatine ₹137, people ₹147, halt nonaccomplishment ₹132.

We person seen a caller breakout successful this banal astir 137 rupees. So, astatine the existent juncture, the banal has again seen a reversal terms enactment and bullish candlestick signifier enactment astatine the ₹137 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹143. Hence, traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹132 for the people terms of ₹143 successful the adjacent term.

2] TVS Motor: Buy astatine ₹2020, people ₹2060, halt nonaccomplishment ₹1980.

In the short-term trend, the banal has seen a bullish reversal pattern, technically retrenchment could beryllium imaginable till ₹2060. So, holding the enactment level of ₹1980 this banal tin bounce toward the level of ₹2060 successful the abbreviated term. Hence, the trader tin spell agelong with a halt nonaccomplishment of ₹1980 for the people terms of ₹2060.

3] Federal Bank: Buy astatine ₹157, people ₹164, halt nonaccomplishment ₹152.

We person seen a large enactment successful this banal astir 152 rupees. So, astatine the existent juncture, the banal has again seen a reversal terms enactment action astatine the ₹157 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹164. Hence, traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹152 for the people terms of ₹164 successful the upcoming weeks.

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 29 Apr 2024, 08:20 AM IST