Day trading guide for today: On Dec 11, Indian primary indices closed with marginal gains, sustaining their record highs. Nifty50 touched a fresh record high of 21,026.10 and Sensex crossed the 70,000 mark for the first time ever.
Dividend Stocks: BPCL declared an interim dividend of ₹21 per share, with a record date of Dec 12. This announcement is sure to impact the stock price and attract investors looking to benefit from the opportunity.
Bonus Stocks:
Dhyaani Tile and Marblez: The company declared a bonus issue in the ratio of 9:5, meaning every 5 existing equity shares of ₹10 each will be entitled to receive 9 additional equity shares of ₹10 each.
Safari Industries: The company declared a 1:1 bonus issue, implying every eligible investor will receive one extra share for each share held as of the record date.
Sonata Software: The company has announced a 1:1 bonus issue.
Day trading stocks for today
Tech Mahindra: Buy at ₹1233.30, target ₹1290, stop loss ₹1208: TECHM, a leading technological business, has bounced back from the support 1208 levels, which is close to its 20 Day EMA levels. Currently trading at 1233.30 per share, the stock is above its 20, 50, and 200-day moving averages, indicating a positive trend.
Cummins India: Buy at ₹2001, target ₹2130, stop loss ₹1935: CUMMINSIND has hit an all-time high of ₹2001, showing a strong uptrend with substantial volume. The stock trades above crucial Exponential Moving Averages, with a RSI at 79.8, indicating an upward trajectory and growing buying momentum. The Stoch RSI exhibits a positive crossover, suggesting a potential target price of ₹2130. To manage risk, set a stop-loss at ₹1935 and consider buying on dips around ₹2130 and ₹2200.
Jindal Steel: Buy at ₹715-720, target ₹773.5, stop loss ₹692: JINDALSTEL has given a breakout of its all-time high with strong buying interest and a volume burst. The stock trades above its 100-day moving average and has a supporting RSI, indicating an uptrend. A long position can be created with a TP of 773.5 and SL of 692.
Century Plyboards India: Buy at ₹730-737, target ₹865, stop loss ₹672: CENTURYPLY has shown a significant breakout of a Cup and Handle pattern with increased buying interest and a positive trend. The stock trades above major Exponential Moving Averages and has a supporting RSI, indicating a sustained uptrend. A long position can be created with a TP of 865 and SL of 672.
Tata Chemicals: Buy at ₹1020, target ₹1045, stop loss ₹1000: The stock has a bullish reversal pattern, holding support at 1000, and may bounce towards 1045 in the short term. Traders can go long with SL at 1000 and TP of 1045.
JSL:Buy at ₹543, target ₹532, stop loss ₹565: The stock has a bullish reversal pattern in the short-term trend and may experience a retracement till 565. Traders can go long with SL at 532 and TP of 565.
