Day trading stocks to buy today: The weak global market sentiments continued to fuel the Indian stock market for the second straight session on Monday. The Nifty 50 index gained 189 points and ended at the 22,336 level, the BSE Sensex surged 560 points and closed at the 73,648 mark whereas the Bank Nifty index closed 350 points northward at the 47,924 level. The cash market volumes on the NSE were lower at Rs.0.95 lakh crore. The broad market indices rose more than the Nifty 50 index even as the advance-decline ratio rose sharply to 2.8:1.
On the outlook for the Nifty today, Ganesh Dongre said, "On the Nifty front, we are now on the support level of 21800–21900 zone, which will keep the movement upward for the Nifty in the upcoming days. Now the resistance for the Nifty spot will be 22500–22600. As per today's chart pattern, we have seen the gap up opening and then continuing its bullish trend pattern for the rest of the day and closing in positive territory. So, on the Nifty front, until the time holds above its support level of 22200–22250, the Nifty will remain in a bullish trend until the resistance level of 22550 to 22600.
1] MCX: Buy at ₹3900, target ₹4050, stop loss ₹3840.
We have seen a major support in MCX share price is around ₹3840. So, at the current juncture, MCX share price has again seen a reversal price action formation at the ₹3900 price level, which may continue its rally till its next resistance level of ₹4050. So, traders can buy and hold this stock with a stop loss of ₹3840 for the target price of ₹4050 in the near term.