Day Trading Guide For 29 September 2022: Intraday Stocks To Buy Or Sell Today

The bearish sentiments in the Indian market continue, and India's benchmark indices have again closed negative in the most recent trading session. The Indian markets will be driven by the news today as the announcement of the new RBI monetary policy is to be held, and markets are expected to trade according to the news of the policy. However, most analysts and experts expect a hike in repo rate by RBI, so that the sentiments could be bearish.

According to technical analysis, here are 3 intraday stocks to buy or sell today per the overall sentiments.

Indian Hotels Ltd

The stock is on a huge upside momentum and is trading near its 52-week highs in the larger and smaller time frames. Well, it is looking bullish. Here is the position of some technical indicators on the 15-minute time frame of the chart:

• The stock price is making a bullish flag pattern near a supply zone.
• The stock price is rising after giving a breakout to the 200 moving average to the upside and taking support on the MA.
• Currently, the RSI is at 57 levels and is going upside after taking support near 40, a bullish range shift indicator.

The stock looks good for a buying opportunity today; however, the trade is according to the market's overall sentiment.

Grasim Industries Ltd

The stock has given strong upside momentum in the past few weeks in the larger time frame, but in the smaller time frame, the stock is looking bearish as it is currently in a corrective phase. Here is the position of some technical indicators on the 15-minute time frame of the chart:

• The stock price is making a head & shoulders pattern, which is a bearish sign.
• The price of the stock is below the 50 and 200 moving averages.
• The RSI is currently at 38 levels and is moving downwards from taking resistance at 40 levels.

As per the chart, the stock looks bearish and good for selling opportunities for intraday traders.

Hindustan Aeronautics Ltd

The stock price is trending in a strong uptrend in a larger time frame; however, in the smaller time frame, the stock is falling sharply from the past few trading sessions. Here is the position of some technical indicators on the 15-minute time frame of the chart:

• The stock price is making a bullish inverted head & shoulder pattern.
• The stock has seen a good volume hike on the last few closing candles near the supply zone.
• RSI is currently at 69 levels and is going to the upside rapidly.

The stock is in a good position for a trend reversal from a downtrend, so it looks good for buying opportunities according to the market sentiments.