Day trading stocks to buy: ITC to Tata Power — Anand Rathi expert recommends three shares to buy today — 26th April

Anand Rathi's banal picks

Ganesh Dongre, Senior Manager — Technical Research astatine Anand Rathi believes that the Nifty 50 scale is adjacent to its absorption level of 22,500 to 22,600 zone. The Anand Rathi adept went connected to adhd that connected breaching this hurdle, the 50-stock scale whitethorn interaction 22,800 to 22,900 levels successful the abbreviated term. On time trading stocks for today, Ganesh Dongre of Anand Rathi recommended 3 shares to bargain today — ITC, BEL, and Tata Power.

Stock marketplace today

On the outlook for the Indian stock marketplace today, Ganesh Dongre said, "On the Nifty front, we are present closed adjacent to the absorption level of 22500–22600 zone, which whitethorn support the question sideways for the Nifty successful the upcoming days. Now the adjacent absorption for the Nifty spot volition beryllium 22800–22900. As per today's illustration pattern, we person seen the gap-down opening but 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 Nifty holds supra its enactment level of 22400–22450, the 50-stock scale volition stay successful a bullish inclination until the absorption level of 22800 to 22900."

"On the Bank Nifty front, we person seen a gap-up-down opening connected Thursday, but it continues its bullish inclination for the remainder of the day, truthful for the upcoming trading session, Bank Nifty enactment volition beryllium astatine the 48,000 level and absorption volition beryllium astatine the 49m000 level," Dongre added.

Shares to bargain today

1] ITC: Buy astatine ₹437, people ₹452, halt nonaccomplishment ₹428.

We person seen a large enactment successful ITC stock terms astir 428 rupees. So, astatine the existent juncture, ITC stock terms has again seen a reversal terms enactment action astatine the ₹437 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹452, truthful traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹428 for the people terms of ₹452 ₹in the adjacent term.

2] BEL: Buy astatine ₹237, people ₹252, halt nonaccomplishment ₹230.

In the short-term trend, BEL stock terms has seen a bullish reversal pattern, technically retrenchment could beryllium imaginable till ₹252. So, holding the enactment level of ₹230 this banal tin bounce toward ₹252 successful level the abbreviated term. Hence, the trader tin spell agelong with a halt nonaccomplishment of ₹230 for the people terms of ₹252.

3] Tata Power: Buy astatine ₹430, people ₹445, halt nonaccomplishment ₹418.

We person seen a caller breakout successful Tata Power shares astir 430 rupees. So, astatine the existent juncture, the banal has again seen a reversal terms enactment and bullish candlestick signifier enactment astatine the ₹430 terms level, which whitethorn proceed its rally till its adjacent absorption level of ₹445. Hence, traders tin bargain and clasp this banal with a halt nonaccomplishment of ₹418 for the people terms of ₹445 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: 26 Apr 2024, 08:30 AM IST