Stocks To Buy Today: 3 Stocks To Buy/Sell On Friday For Intraday

Indicating an upbeat start for Indian markets at the opening bell, the Gift Nifty moved higher on Friday. Gift Nifty, previously SGX Nifty, was trading at 19,793 at 8:20 a.m. on Friday, up 25.5 points or 0.13%. The index started off at 19,779 and fluctuated between an intraday high of 19,803.0 and a low of 19,697.50. The Sensex climbed 100.26 points or 0.15 per cent, wrapping up at 65,880.52 on Thursday. The Nifty gained 36.10 points or 0.18 per cent, closing at 19,611.

Market Outlook

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services said, 'Nifty closed higher for the fifth straight day with gains of 116 points (+0.6%) at 19727 levels. Despite weak global cues, market recovered in the second half on account of short covering on the weekly expiry day. Broader market too ended in green with Midcap100/Smallcap100 up 0.8%/0.5%. Banking and Realty were the major drivers with gains of more than 1%. Niche sectors like Shipping and defence stocks continue to see buying interest on the back of large order wins and strong order book. Rally continued in paper and sugar stocks. Nifty has shown good momentum in September so far and is inching closer towards its life highs where it could face some resistance. However we expect outperformance in broader market to continue with interest in niche sectors."

Best intraday stocks to buy today India

Here are the day trading stocks for today to buy as recommended by AR Ramachandran from Tips2Trades.

Cochin Shipyard

Cochin Shipyard is bullish but also overbought on the Daily charts with next resistance at 1214. Investors should book profits at current levels as a daily close below support of 988 could lead to a target of 805 in the near term.

SpiceJet

SpiceJet is slightly bearish & also overbought on the Daily charts with next resistance at 42.45. A daily close below support of 37.85 could lead to a target of 30.8 in the near term.

Mazagon Dock

Mazagon Dock stock price is overbought on the Daily charts with next resistance at 2293. Investors should book profits at current levels as a close below support of 1901 could lead to 1592 in the near term.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.