Stock Market Update: Key Nifty 50 Levels & 8 Buy/Sell Recommendations for Wednesday

Stock Market Today: Nifty 50 Index managed to finish this volatile session Tuesday by gaining 0.17 percent, which was 22,497.90. Its Bank Nifty at 47,853.95, however, closed 0.75 percent lower. It was the IT sector was a major losing sector and other sectors including Realty and Oil & Gas which ended up.

Trade Setup for Wednesday

The current recovery from lower levels is positive. Any price above 22700 would be a confirmation of a bullish trend reversal for the Nifty possibly pushing it closer to the mark of 23000. The support has shifted to around 22300 levels according per Nandish Shah, Vice President Deputy, and HDFC Securities.

Stocks to buy today

Ganesh Dongre is the senior manager for Technical Research at Anand Rathi recommended three stocks, and Shiju Koothupalakkal the Senior Manager of Technical Research, at Prabhudas Lilladher has offered three stock selections.

Summary Bagadia's Day trading guide for Today

1. PI Industries Ltd- Bagadia suggests buying PI Industries at Rs3353.90 and keeping Stoploss at Rs3236 with an expected price of Rs3589.

PI Industries is currently trading at 3353.9 and is showing signs of improvement following a prolonged decline.

2. Indus Towers Ltd Indus Towers Ltd- Bagadia suggests buying Indus Towers for Rs341.40 and keeping a Stoploss at Rs329 to achieve the target price of Rs365.

Indus Tower is currently trading at Rs341.40 Indus Tower is showing bullish trend and suggesting a breakout.

Ganesh Dongre's stock to purchase today

3. Zomato Ltd(Zomato): Dongre recommends purchasing Zomato at Rs208, keeping Stoploss at Rs200, which will give you an estimated price of Rs222.

4. Axis Bank Ltd- Dongre suggests purchasing Axis Bank at Rs1025 keeping Stoploss at Rs1000 with an estimated price of Rs1060.