Day Trading Guide: 5 Stocks To Buy Or Sell On Friday As Recommended By VLA Ambala of SMT

Our Markets are in a bullish trend and trying to sustain above their swing supports. If this attempt becomes successful then chances are higher that we could witness new highs in NIFTY 50 and Sensex in Q3 2023. Mid-caps and Small-caps are already outperforming the major indices. PSU Sectors stocks are gearing up for another impulsive in their uptrend. Dips are being taken as golden opportunities. Invest wisely and cautiously when you are putting your hefty amount in Small Caps and Mid-Caps. Overall, the trend is bullish. We expect the broader market participation to continue to outperform. What should be our trade plan for today's trading session Friday, 8th September 2023? Which Stocks could be in focus today? Let's check it now.

Day trading guide for today

The benchmark indices closed on Thursday with gains, amid a strong trend in global markets. Sensex surged by 368.91 points or 0.56 percent, closed at 66,249.43. and the NSE Nifty 50, gained 111.95 points or 0.57 percent, concluding the day at 19,723. The top five gainers of the NSE were Coal India, Larsen, IndusInd Bank, SBI Life Insurance, and SBI. TATA Consumers, Britannia, Sun Pharma, M&M, Hindalco were the top five losers of the day.

On Friday 8th September 2023, we could see Nifty trading in the 19520 to 19845 range. On the outlook for Bank Nifty, VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) said, "Our Market is bullish. Now we should try to use the buy on dip strategy instead of sell on rise." Bank Nifty major resistance for Friday 8th September 2023 should be at 45120/45290. Major support will be at 44620/44430.

Best Intraday, Swing and Day trading stocks pick for today

On intraday and swing stocks for today, stock market experts - VLA Ambala (SEBI Registered Research Analyst)- recommended 5 stocks to buy today for Intraday and swing trading.

ICICI Bank

ICICIBANK looks good to buy above 972 (range) and has a target expectation of 910 to 1010 with a stop loss of 943

ACC

Our target hit it but we see more potential in it. Add more ACC above 2040 and hold it for targets ranging from 2120 to 2500. Keep ACC stop loss at 1935

Siemens

Buy SIEMENS in the range of 3950 and hold it for 4070 to 4200 in the very short term. Keep stop loss in consideration with a stop loss of 3785

Eicher Motors

Buy EICHERMOT in the range of 3398 and hold it for 3430 to 3500 in the very short term. Keep stop loss in consideration with a stop loss of 3310.

JSW Steel

Buy JSWSTEEL at or above 819 and expect a target ranging from 830 and 965 with a stop loss at 785.

"All of the recommendations are being provided here based on the price overall movement, previous behaviour and technical analysis"- said VLA Ambala

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.