State Bank of India (SBI) was the top laggard after the country's largest lender reported a 41% surge in Q4 standalone net profit at ₹9,114 crore but failed to meet analysts' estimates.
Day trading guide for stock market today
"The short term trend of Nifty continues to be negative with high volatility. There is a possibility of further weakness from here or from the highs and the immediate support of 15,670 could be broken in the next week. The presence of crucial support as per monthly timeframe and the overall weekly chart pattern indicate a chances of important bottom reversal around 15,500-15,400 levels. The confirmation of reversal pattern on daily chart could only open a sustainable upside bounce in the market," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Stocks to buy or sell today as recommended by analysts -
Mehul Kothari, AVP - Technical Research at Anand Rathi
ABB: Buy ABB above ₹2,300, stop loss ₹2,225, target ₹2,450
Balrampur Chini: Buy BALRAMCHNI, stop loss ₹375, target ₹425
Rajesh Bhosale, Technical Analyst, Angel One Ltd
Cummins India: Buy CUMMINSIND, stop loss ₹970, target ₹1,060
Indus Tower: Sell INDUSTOWER, stop loss ₹191, target ₹166
Sumeet Bagadia, Executive Director at Choice Broking
Britannia: Buy Britannia, stop loss ₹3,200 target ₹3,400-3,450
NTPC: Sell NTPC, stop loss ₹150, target ₹138-135
Avinash Gorakshkar, Head of Research at Profitmart Securities
M&M: Buy M&M, stop loss ₹865, target ₹940
United Spirits: Buy United Spirits, stop loss ₹790, target ₹880
The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
