Day trading guide for today: Six stocks to buy or sell on Monday — September 25

According to stock market experts, FIIs continued to liquidate long positions in Index futures with the Long-Short Ratio falling from 65.69% to 56.46% in the previous three trading sessions. The Futures Open Interest (OI) indicated buildup of fresh short positions in Nifty futures for the second consecutive day.

Day trading guide for stock market today

On outlook for Nifty 50 today, Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, "The short term trend of Nifty continues to be weak. Having placed near the crucial lower supports, there is a possibility of minor upside bounce from near 19,550 levels by next week. The anticipated upside bounce could be short lived and the market is expected to reverse down from the lower highs. Immediate resistance for Nifty 50 index is placed around 19,800 to 19,850 levels."

On outlook for Bank Nifty today, Ashwin Ramani, Derivatives & Technical Analyst at SAMCO Securities said, "Bank Nifty made a couple of attempts to go past the 45,000-level mark to Friday but failed to do so. The level of 44,600 on the downside acted as a strong support for Bank Nifty. A break below 44,600 level will take the Index until 44,200 levels."

Day trading stocks for today

On intraday stocks for today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager — Technical Research at Anand Rathi and Ashish Katwa, Technical Analyst at Bonanza Portfolio — recommended six stocks to buy or sell today.

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Sumeet Bagadia's intraday stocks for today

1] Granules India: Buy at ₹336.80, target ₹365, stop loss ₹323.

Granules India share price is currently trading at ₹336.80, has undergone consolidation within the range of ₹338.7 to ₹320.9. On the daily chart, the price has formed a rounding bottom chart pattern. Over the past week, the stock has shown robust support at the ₹320.9 level, indicating a degree of price stability. Furthermore, GRANULES is presently trading above critical Exponential Moving Averages (EMAs), including the 20-day, 50-day, 100-day, and 200-day EMAs, underscoring its bullish momentum and suggesting the potential for further upward price movement.

2] Persistent Systems: Buy at ₹5850, target ₹6100, stop loss ₹5705.

Persistent Systems share is presently trading at ₹5849.35, has consolidated in range of ₹5700 to ₹5860. During the past week, the stock has demonstrated strong support at the ₹5705 level, signalling price stability. Additionally, PERSISTENT is currently trading above critical Exponential Moving Averages (EMAs), including the 20-day, 50-day, 100-day, and 200-day EMAs, underlining its bullish momentum and the possibility of further upward price movement.

The Relative Strength Index (RSI) is currently at 63.8 and exhibits an upward trajectory, indicating an increasing buying momentum. Additionally, the Stochastic Relative Strength Index (Stoch RSI) is displaying a positive crossover from oversold region. This combination of technical factors suggests that PERSISTENT may have the potential to achieve a target price of ₹6100 in the near term.