Day Trading Stocks: 3 Shares To Buy/Sell Today, 4th October

Following a flat beginning, the market moved negatively throughout Tuesday's closing session, with the Sensex losing 0.48 per cent and wrapping up at 65512.10, the Nifty dropping 0.56 per cent intraday and closing at 19528.75, and the Bank Nifty losing 0.42 per cent and ending the day at 44399.05. Eicher Motors, Escorts Kubota, and Maruti were the market's top draggers due to mixed sales data in September.

Nifty Outlook Today

Rupak De, Senior Technical analyst at LKP Securities believes that "The Nifty ended the session with a selling pressure following a volatile trading day. Towards the downside, the index found support at the ascending trendline on the daily chart. The sentiment looks pessimistic for the short term. Looking ahead, the level of 19,480 is expected to serve as a pivotal "make or break" point. If there is a decisive decline below 19,480, it might trigger heavy selling in the market. On the upside, 19,600 will continue to remain a significant resistance level."

Bank Nifty Outlook Today

Kunal Shah, Senior Technical & Derivative analyst at LKP Securities claimed, "The Bank Nifty bulls have successfully defended the crucial support level of 44,200, which is being seen as a make-or-break point for the index. On the upside, the index faces resistance around the 44,800 mark. It's worth noting that the index is still trading below its 20-day moving average (20DMA), suggesting a cautious "sell on rise" sentiment in the market. Currently, the Bank Nifty is consolidating within a broad range of 44,200 to 44,800, and a decisive break on either side, confirmed by a closing basis, is expected to determine the continuation of the prevailing momentum."

Stocks To Buy Today

AR Ramachandran from Tips2trades has suggested 3 shares to buy or sell today on Wednesday.

Bank of Maharashtra

Bank of Maharashtra has turned flat to bearish on the Daily charts with strong resistance at 49.7. A daily close below support of 44.6 could lead to a sharp fall till 36.2 in the near term.

Suzlon Energy

Suzlon Energy is bullish on the Daily charts and a close above resistance of 27 could lead to a target of 30.5 in the near term. Strong support will be at 25.

Authum Investment

Authum Investment looks bullish on the Daily charts with strong support at 482.6. A daily close above the resistance of 515 could lead to a target of 565 in the near term.