Indian stock market ended mixed on Thursday with Nifty 50 and Sensex up, but Bank Nifty down. Nifty 50 increased by 36 points to 20,133 levels, while BSE Sensex closed at 66,988 levels, up 86 points. Meanwhile, Bank Nifty index lost 84 points and closed at 44,481 levels. Small-cap and mid-cap indices hit new highs and ended 0.96% and 0.83% higher, respectively. Mixed results indicate both opportunities and risks for investors.
Sumeet Bagadia’s intraday stocks for today
1] Jindal Steel: Jindal Steel’s share price has formed a bullish candle on the daily chart and is trading at ₹670.80 levels. It has surpassed the important level of ₹655 and 50 Day EMA, indicating a strong bullish trend. The stock may face resistance at ₹680 levels, but can move towards ₹700 levels and above once it closes above this level. The RSI indicator is trading around 61 levels, showing strength in the stock’s momentum.
2] Eicher Motor: Eicher Motor’s share price has consolidated at a resistance level, accompanied by substantial trading volume, indicating strong investor interest. The stock is trading above key Exponential Moving Averages (EMAs), signaling robust bullish momentum and potential for upward price movement.
Ganesh Dongre’s stocks to buy today
3] CCL Products: In the short-term trend, the stock has a bullish reversal pattern and may retreat till ₹675. But holding the support level of ₹650, it can rebound towards the ₹675 level. Traders can go long with a stop loss of ₹650 and a target price of ₹675.
4] Torrent Pharma: The stock has shown a bullish reversal pattern on the short-term chart. Holding the support level of ₹2100, it can rebound towards the ₹2200 level. Traders can go long with a stop loss of ₹2100 and a target price of ₹2200.
Kunal Kamble’s buy or sell stocks
5] Axis Bank: Axis Bank’s share price has given a breakout of the Ascending Triangle Pattern on the daily chart, indicating a potential continuation of the bullish trend. The stock is trading above both its 100-day and 200-day exponential moving averages, which is a positive signal.
6] HCL Technologies: HCLTECH has positive momentum on the daily timeframe after breaking out from a falling trend line, indicating an uptrend. The stock has formed higher highs (HH) and higher lows (HL), and is trading above both the Fast (50) and Slow (100) Exponential Moving Averages (EMA), supporting the upward movement. The RSI is positioned in the higher zone, signaling bullish sentiment.
