Day trading stocks to buy: Anand Rathi expert recommends three shares to buy today — April 25

Asian equity markets dropped aft Meta Platforms Inc.’s disappointing outlook raised interest astir whether the manufacture that has powered the bull marketplace successful equities has tally excessively far.

Equity benchmarks slid successful Hong Kong, Japan, and mainland China, portion contracts for US stocks besides pointed to declines. Australian fiscal markets are unopen for a holiday. The yen extended declines aft weakening beyond 155 per dollar for the archetypal clip successful much than 3 decades connected Wednesday, heightening the chances of involution up of the Bank of Japan’s determination gathering connected Friday.

Anand Rathi's banal picks

Ganesh Dongre, Senior Manager — Technical Research astatine Anand Rathi believes that the Indian banal marketplace bias volition stay affirmative till the Nifty 50 scale sustains supra the 22,200 to 22,250 mark. The Anand Rathi adept maintained that the marketplace temper turns further bullish erstwhile the 50-stock scale breaches supra the absorption placed astatine 22,550 to 22,600 levels. On day trading stocks for today, Ganesh Dongre of Anand Rathi recommended these 3 shares to bargain today — IndusInd Bank, Federal Bank, and GAIL.

Stock marketplace today

Speaking connected the outlook for the Indian banal marketplace today, Ganesh Dongre said, "On the Nifty front, we are present connected the enactment level of 22,200 to 22,250 zone, which volition support the question upward for the Nifty successful the upcoming sessions. 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 remainder of the time and closing successful affirmative territory. So, connected the Nifty front, until the clip holds supra its enactment level of 22200–22250, the Nifty volition stay successful a bullish inclination until the absorption level of 22550 to 22600."

"At this juncture, connected the different hand, connected the Bank Nifty front, we person again seen a gap-up opening today, and proceed its bullish inclination for the remainder of the day, truthful for the upcoming trading session, Bank Nifty enactment volition beryllium astatine the 47400 to 47500 level and absorption volition beryllium astatine the 48,500 level," said Dongre.

Shares to bargain today

IndusInd Bank: Buy astatine ₹1675, people ₹1730, halt nonaccomplishment ₹1630

We person seen a large enactment successful this banal astir 1630 rupees. So, astatine the existent juncture, the banal has again seen a reversal terms enactment action astatine the ₹1630 terms level, which whitethorn proceed its rally till its adjacent absorption level of 1730 rupees, truthful traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹1630 for the people terms of ₹1730 successful the adjacent term.

Federal Bank: Buy astatine ₹154, people ₹162, halt nonaccomplishment ₹149

In the short-term trend, the banal has seen a bullish reversal pattern, technically retrenchment could beryllium imaginable till ₹162 so, holding the enactment level of ₹149 this banal tin bounce toward ₹162 successful the abbreviated term, truthful the trader tin spell agelong with a halt nonaccomplishment of ₹149 for the people terms of ₹162.

GAIL: Buy astatine ₹207, people ₹217, halt nonaccomplishment ₹200

We person seen a caller breakout successful this banal astir 200 rupees. So, astatine the existent juncture, the banal has again seen a reversal terms enactment and bullish candlestick signifier enactment astatine the ₹200 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹217, truthful traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹200 for the people terms of ₹217 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: 25 Apr 2024, 09:41 AM IST