In today’s day trading guide for the stock market:
**Market Recap:**
– The Indian stock market witnessed a second consecutive day of decline influenced by weak global sentiments due to the Israel-Palestine conflict.
– Nifty 50 fell by 46 points to close at 19,624 levels, BSE Sensex lost 247 points to end at 65,629, while Bank Nifty dropped by 134 points, concluding at 43,754 levels.
– Small-cap index ended slightly higher, while the mid-cap index finished slightly lower on Thursday.
**Outlook for Nifty:**
– Nagaraj Shetti, Technical Research Analyst at HDFC Securities, suggests that if the weakness persists, Nifty may find support around 19,480 to 19,450 levels, with potential resistance around 19,700 levels. A decisive break above 19,700 could push Nifty towards 19,850 levels.
**Outlook for Bank Nifty:**
– Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities, notes that Bank Nifty is at a crucial level, with support at 43,600. A breakdown below this level might lead to a decline to 43,300, while a close above 44,000 could renew buying interest.
**Nifty Call Put Option Data:**
– Chinmay Barve, Head of Technical and Derivative Research at Profitmart Securities, highlights that major total Call open interest is seen at 19,700 and 19,800 strikes, with major Call open interest addition at 19,750 and 19,950 strikes.
– Major total Put open interest is observed at 19,600 and 19,500 strikes, with significant Put open interest addition at 19,600 and 19,500 strikes.
**Bank Nifty Call Put Option Data:**
– For Bank Nifty, major total Call open interest is at 44,000, 44,300, and 44,500 strikes, with significant Call open interest addition at 44,000.
– Major total Put open interest is seen at 43,700 and 43,500 strikes, with notable Put open interest addition at 43,700 and 43,600 strikes.
**Intraday Stocks for Today:**
*By Sumeet Bagadia, Choice Broking:*
1. **Lupin:** Buy at ₹1200, target ₹1254, stop loss ₹1175.
2. **BSE:** Buy at ₹1537.60, target ₹1697, stop loss ₹1465.
*By Ganesh Dongre, Anand Rathi:*
3. **Aditya Birla Capital:** Buy at ₹183, target ₹189, stop loss ₹178.
4. **Paras Defence:** Buy at ₹742, target ₹760, stop loss ₹730.
*By Ashish Katwa, Bonanza Portfolio:*
5. **Tata Elxsi:** Buy at ₹7704 to ₹7682, target ₹8012, stop loss ₹7550.
6. **Minda Corp:** Buy at ₹363.65 to ₹362, target ₹387, stop loss ₹352.
Analysts emphasize the technical patterns, support levels, and potential targets for these stocks in the current market conditions. Traders are advised to consider stop loss levels for risk management.
