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Day trading stocks: Day trading guide for Friday - The Economic Times

We again witnessed a sharp decline in the market on Thursday mainly due to the sudden jump in the long-term bond yields in the US. We think, soon it will be normal for the market and then the market can react normally. The steady growth in the economy leads to a steady rise in the bond yields and, therefore, the market should start offering discounts in the medium to long term.
Technically, the market recovered from lower levels, but due to the pressure of the weekly expiration of Index contracts, the Nifty/Sensex came back from the highs of 15,200/51,260. On Friday, 15,050/50,750 and 14,950/50,400 levels will be decisive for the market. The Nifty/Sensex could fall to 14,850/50,100 or 14,750/49,800 on a decisive dismissal of 14,950/50,400. On the upside, the 15,250/51,300 level would be a big hurdle for the index. ....

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Day trading stocks: Day trading guide: 2 stock recommendations for Wednesday

Technical indicator RSI is sitting in an oversold territory on a shorter time frame suggesting that a short covering rally might be on the cards ahead of the F&O expiry. ....

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