Day trading guide for Monday: After placing at the edge of an upside breakout of smaller high low ranges at 16360 levels on Thursday, Nifty witnessed sharp upside breakout of the range on Friday and closed the day higher by 164 points at 16,529 levels. On a normal volume day; capital goods, telecom and IT sectors rose the most, while realty and healthcare fell. Having reached our initial upside target of 16,500 levels on Friday, the Nifty is now expected to head towards the next upside target of around 16,800 to 17,000 levels in few weeks. Day trading stocks to buy todayHighlighting the day trading strategies, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Mudit Goel, Senior Research Analyst at SMC Global Securities and Rohit Singre, Senior Technical Analyst at LKP Securities — recommended 4 shares to buy today. Sumeet Bagadia's day trading stocks1] Dabur: Buy at CMP, target ₹610 to ₹620, stop loss ₹5752] Bata: Momentum buy at CMP, target ₹1740 to ₹1750, stop loss ₹1675Mudit Goel's stock to buy today3] Tech Mahindra: Buy at CMP, target ₹1410, stop loss ₹1365Rohit Singre's stock of the day4] MindTree: Momentum buy at CMP, target ₹3100, stop loss ₹2800.

Source: Mint August 16, 2021 01:07 UTC