Day trading stocks to buy: Anand Rathi expert recommends three shares to buy today — 19th April

Anand Rathi's banal recommendations

Ganesh Dongre, Senior Manager — Technical Research astatine Anand Rathi believes that the Indian banal marketplace bias has turned sideways arsenic the Nifty 50 scale has breached down beneath its important enactment placed astatine 22,100 to 22,150 zones. The Anand Rathi adept went connected to adhd that contiguous enactment for Nifty contiguous is present placed successful the 21,800 to 21,900 zone. On day trading stocks for today, Ganesh Dongre of Anand Rathi recommended 3 shares to bargain today — TCS, Kajaria Ceramics, and Finolex Cables.

Also Read: Buy oregon sell: Vaishali Parekh recommends 3 stocks to bargain contiguous — April 19

Stock marketplace today

On the outlook for the Indian banal marketplace today, Ganesh Dongre said, "On the Nifty front, we are present connected the enactment level of 21800–21900 zone, which volition support the question sideways for the Nifty successful the upcoming days. Now the absorption for the Nifty spot volition beryllium 22500–22600. As per the latest illustration pattern, we person seen the spread up opening and past continuing its bullish inclination signifier for the archetypal fractional of the day, but successful the 2nd half, the Nifty has fixed up each its gains and closed successful antagonistic territory. So, connected the Nifty front, until the clip we are not closing supra its absorption level of 22400–22550, The Nifty volition stay sideways successful this range."

"At this juncture, Nifty is seen successful oversold territory. On the different hand, connected the slope Nifty front, we person again seen nett booking today; it is sustained supra the enactment level of 47100–200, truthful the adjacent absorption volition beryllium 48000–48200 connected the spot level," added Dongre.

Shares to bargain today

1] TCS: Buy astatine ₹3860, people ₹3940, halt nonaccomplishment ₹3810.

We person seen a large enactment successful TCS stock terms astir ₹3810. So, astatine the existent juncture, TCS stock terms has again seen a reversal terms enactment action astatine the ₹3860 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹3940. So, traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹3810 for the people terms of ₹3940 successful the adjacent term.

2] Kajaria Ceramics: Buy astatine ₹1230, people ₹1270, halt nonaccomplishment ₹1210.

In the short-term trend, Kajaria Ceramics stock terms has seen a bullish reversal pattern, technically retrenchment could beryllium imaginable till ₹1270. So, holding the enactment level of ₹1210, this banal tin bounce toward the ₹1270 level successful the abbreviated term. Hence, the trader tin spell agelong with a halt nonaccomplishment of ₹1210 for the people terms of ₹1270.

3] Finolex Cables: Buy astatine ₹985, people ₹1005, halt nonaccomplishment ₹975.

We person seen a caller breakout successful Finolex Cables stock terms of astir ₹985. So, astatine the existent juncture, the banal has again seen a reversal terms enactment and bullish candlestick signifier enactment astatine the ₹985 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹1005. Hence, traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹975 for the people terms of ₹1005 successful the adjacent term.

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: 19 Apr 2024, 07:21 AM IST