Day Trading Guide For Monday: 10 Best Shares To Buy On 4th September As Recommnded By VLA Ambala of SMT

Money is being floated heavily in Small Caps and Mid-caps and that is what the "Nifty 100 small-caps Index and Nifty Midcap 50 Index" are indicating. On the very first day of market session in September month 2023, Nifty 100 Small and Nifty Midcap 50 slatted the day at fresh all-time highs. In fact, Major indices Sensex, Nifty have closed the day with almost 1% gains. August month was a Bear's month but what should we expect in the month of September as market has showed some strong indications and what should be our trade plan for the trading session, on 4th September 2023? Which Stocks could be in focus on Monday? Let's understand it.

Day trading guide for Monday

Weekly closing is good as price has engulfed all its previous four days trading range and it has boosted the new positive sentiments but we need to keep mind that monthly closing is still showing bear's strength but price is trying to take support at in important 50 Day EMA. Last week's range low is a Crucial support range if this gets breech selling may go intense hence market may try to protect it. BSE Sensex closed at the level 65,387 points with a rise of 555 points or 0.86%. Likewise, NSE Nifty settled the day at the level of 19,435 points with a decline of 181 points or 0.94%. NSE top losers were CIPLA, HDFCLIFE, DRREDDY, NESTLEINDIA, ULTRACEMCO and NTPC, JioFin, ONCG, JSWSTEEL and were the top gainers on Friday. On Monday 4th September 2023, we could see Nifty to trade in the 19280 to 19528 range.

On the outlook for Bank Nifty, VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) said, "In last session, Bank Nifty gave a stock a very bullish closing but it's still trading just near to its 20- & 50-days EMA at daily timeframe. Hence 44500 is a very crucial level for next month movement".

Bank Nifty major support for Monday 4th Sep should be at 44240, 44060 and 43850. Major resistances will be at 44560, 44720 and 44960. Tomorrow is the first day after SEBI final circulation about "Bank Nifty' new expiry day switching" in F&O segment. Now Bank Nifty Weekly Expiry Options will be Expire on every Wednesday of the week and monthly will be remain. There are not changes in announced for Nifty50 expiry days.

Global Cues

Soaring inflation is the major concern for all economies as of now however topline is trying to manage in the best possible ways. US main indexes opened higher and closed positive only. Our Markets can also be feeling this pressure in coming days however, strong GDP and Manufacturing data boosted investors sentiment on Friday", said VLA Ambala.

F&O Ban List

IBULHSGF is the part of the F&O ban list by the stock exchange today. According to the NSE, the shares have been prohibited from trading in the F&O segment due to the fact that they went above 95% of the Market Wide Position Limit ( MWPL) but investors are allowed to trade the stock in the cash market.

Swing and Day trading stocks for Monday By VLA Ambala

On intraday and swing stocks for Monday, stock market expert - VLA Ambala (SEBI Registered Research Analyst)- recommended ten (10) stocks to buy for Intraday and swing trading. 10 trending stocks for Monday. Here are the 10 best shares to buy for Intraday and Swing Trading on Monday by VLA Ambala - (SEBI RA, Stock Market Today)

Bosch

BOSCHLT looks good to buy above 19000-19050 (RANGE) and have a target expectation of 20000/20100/20300/20500/20700/21000/21300/21500/22000 with a stop loss of 17750.

Moil

MOIL looking good to buy above in 235/243 and have target expectation 270/285/300/310/325/350/370/400 with stop loss 210.

Navin Fluorine International

Buy NAVINFLUOR in range of 4550 to 4610 and hold it for 4700 to 4800 in very short term. Keep stop loss in consideration at with a stoploss of ₹4410.

LTIMindtree

Buy LTIM at or above the 5300 range and keep target expectation between 5500/5600/5700/5800/5900/6000/6100/6200/6300/6500 with stop loss at 4750.

Indus Towers

Buy INDUSTOWER above 182 range with a stop loss of ₹165 and for targets of 195/197/200/205/210/215/220. The stock is trading above its averages.

Indigo Paints

Buy INDIGOPNTS in the range of 1550 to 1590 and hold it for 1640 to 1800 in the very short term. Keep stop loss in consideration with a stop loss of ₹1465.

ACC

Buy ACC near 2010 and hold it for target ranging from 2100 to 2400. Keep ACC stop loss at 1915

Crompton Greaves

Buy CROMPTON near 302/303 and hold it for target ranging from 310/315/320/325/330. Keep ACC stop loss at 290.

Cholamandalam Investment and Finance Company

Buy CHOLAFIN near 1130 and hold it for a target ranging from 1180/1200/1230/1250/1300. Keep CHOLAFIN stop loss at 1050.

Jubilant FoodWorks

Buy JUBLFOOD at or above 510 and expect a target ranging from 530, 560 and 600 with stop loss at 460.

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.