Day Trading Guide For Today: 3 Stocks To Buy/Sell On 28th Sept, Thursday

Weak global signals are predicted to cause Thursday's Indian market to experience volatility. On Thursday, the Gift Nifty benchmark was up, while Asian markets fell as crude oil prices rose in early trade. Formerly known as SGX Nifty, Gift Nifty traded at 19,815 down 9.5 points or 0.05%. The benchmark began trading on Thursday at 19,824.5 and fluctuated between an intraday high of 19,847.0 and a low of 19,764.5. The Sensex climbed 173.22 points or 0.26% on September 27 to close at 66,118.69. Nifty 50 ended up at 19,716.45, up 51.75 points or 0.26%. Nevertheless, Bank Nifty lost 35.90 points before closing at 44,588.30.

Market Outlook Today

"Concerns about global interest rates and elevated oil prices are being balanced by several domestic factors, such as promising economic growth prospects and the potential for strong earnings, which validate the premium valuation. The FMCG and Pharma sectors outperformed, with investors adopting a defensive approach to navigate global challenges. However, persistent outflows of foreign funds and rising US bond yields are expected to keep the broader indices in bleak terrain, in the near-term," said Vinod Nair, Head of Research at Geojit Financial Services.

Stocks To Buy Today

AR Ramachandran from Tips2trades has recommended the below 3 stocks to trade on 28 September 2023.

Suzlon Energy

Suzlon Energy is bearish on the Daily charts with next resistance at 27. Investors should book profits at current levels or hold till Daily support of 24.5 is broken on a closing basis.

Brightcom Group

Brightcom Group stock price has bounced back from oversold levels with next resistance now at 21.2 on the Daily charts. As long as daily support of 16.7 is held on a closing basis, buyers can hold their position for above mentioned target.

Jupiter Wagons

Jupiter Wagons looks bullish on the Daily charts with next resistance at 349.9. Investors can hold their buy positions as long as daily support of 274 is not broken on a closing basis.

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.