Day trading guide for Wednesday: Infosys, CG Power, Tata Steel, IEX among 9 stocks to buy today – February 22

Day trading guide for stock market today

“The positive chart pattern like higher tops and bottoms is intact and present weakness could be in line with the formation of new higher bottom of the sequence. But, still there is no confirmation of any higher bottom reversal at the lows. There is a possibility of an upside bounce in the market from near the support of 17700-17750 levels. Immediate resistance is placed at 17950-18000 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

“Nifty ended flat following a volatile trading session. The bias remains negative as it falls back into the descending channel on the daily chart. Besides, the momentum oscillator RSI has entered a bearish crossover. On the lower end, immediate support is visible at 17750, below which the selling pressure may increase,” said Rupak De, Senior Technical Analyst at LKP Securities.

Stocks to buy today as recommended by analysts –

Ganesh Dongre, Senior Manager – Technical Research at Anand Rathi

BUY Infosys at ₹1,555, stop loss ₹750, target ₹1,630

BUY CG power at ₹320, stop loss ₹315, target ₹330

Sumeet Bagadia, Executive Director at Choice Broking

Buy Tata Consumer, stop loss ₹715, target ₹740-750

Buy Marico, stop loss ₹490, target ₹510-515

Anuj Gupta, Vice President – Research at IIFL Securities

Buy NTPC, stop loss ₹164, target ₹190

Buy Tata Steel, stop loss ₹107, target ₹120

Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher

BUY IRB INFRA at ₹297, stop loss ₹290, target ₹314

BUY IEX at ₹144, stop loss ₹140, target ₹155

BUY VOLTAS at ₹895, stop loss ₹880, target ₹935

The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.