Top 10 Shares To Buy/Sell Today As Recommended By VLA Ambala of SMT

Yesterday, the major indices closed on a negative note based on the open and closing in intraday. BSE Sensex gained only 11 points or 0.2% on the day at the end and closed at 65,087. The NSE Nifty closed close to yesterday's closing and concluded the day at 19,347. Nifty Bank faced major resistance and plunged by 0.59% or lost 262 points. On Wednesday Nifty Bank closed at 44232 and traded in a wide range of almost 600 points. In other words, Bank Nifty sector's stocks witnessed high pressure in the last trading session, Wednesday. 30th August 2023. points and closed nearly at 44,510. Mid-Caps managed to close with almost 0.55% gained over its previous closing. On Wednesday top gainers were Tata steel, NTPC, JSW Steel, HDFC Bank, HCL Tech and Bharti Airtel, Reliance, HUL, Axis Bank, IndusInd Bank were among the top losers.

Day trading guide for the stock market today

On the outlook for Nifty, VLA Ambala - SEBI RA, Stock Market Today " Nifty is trying to protect its major support levels but keep in mind that at the higher timeframe Price is forming bearish Pattern (Head & Shoulder). and it's facing resistance now and moving in the impulsive move of downtrends. In the last session, Nifty gave a stock bearish closing below it is trading in its 20 days EMA at daily Time frame with closing market price at 19347. On Thursday 31st August, Today, we could see Nifty to trade in the 19390 to 19180 range.

On the outlook for Bank Nifty, VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) said, Bank nifty major support for Thursday 31st should be at 44020, 43850 and 43590. Major resistances will be at 44450, 44530 and 44620. Tomorrow is the last day of this monthly trading session in the F & O segment.

Global Cues

Due to convincing global cues, the market opened gap-up and held the gains throughout the session led by buying across the sectors. However, last-hour selling wiped-off all the intraday gains and we closed almost neutral in Nifty and Sensex. Major reason for the market falling seems to be inflation news globally. Selling was intense in European stocks as market data suggested that inflation may not yet be fully controlled in the euro region ", remarks VLA Ambala.

F&O Ban List

Indiabulls Housing Finance and BHEL are the 2 stocks that are a part of the F&O ban list today by the stock exchange.

Stocks are banned from trading in F&O if the total open interest of the stock in futures and options on the NSE and BSE stock exchanges surpasses 95% of the stock's market-wide position limit or MWPL.

Swing and Day trading stocks for today

On intraday stocks for today, stock market experts - VLA Ambala (SEBI Registered Research Analyst)- recommended ten (10) stocks to buy today for Intraday and swing trading. 10 trending stocks for Thursday. Stocks to buy for Intraday and Swing Trading are listed below by VLA Ambala - (SEBI RA, Stock Market Today)

Sun Pharma Advanced Research Co

It has already hit our 1st target but still seeing some more potential in it. Buy SPARC above 265 and the target for this will be at 300 to 340 with a stop loss of 214. View is Positional or Swing trading.

''In the short-term trend is getting ready for fresh highs and risk is limited as it is trying to rest at previous resistance levels.

Trigyn Technologies

TRIGYN looks good to buy above 135 and have a target expectation of 160, 180 and 210 with a stop loss of 110. ''Price is trading above its important EMAs".

Prestige Estates Projects

Looks like it is going breakout now for fresh highs and good to Buy to be part of this movement. Buy PRESTIGE above 620 and keep target expectations at 700 to 800 and keep stop loss at a stop loss at 530. PRESTIGE looks strong on the chart and it could deliver good gains in the coming days too.

RITES

Buy RITES at or above the 515 range and keep target expectation between 550 to 610 with stop loss at 470.

Jindal Saw

Buy JINDALSAW above 340 range with a stop loss of ₹295 and for targets of 370 to 450. The stock is trading above its averages.

Indigo Paints

Buy INDIGOPNTS in the range of 1550 to 1550 and hold it for 1600 to 1750 in the very short term. Keep stop loss in consideration with a stop loss of ₹1465.

Welspun Corp

Buy WELCORP at 340 for target 370 to 400 and keep strict Stop loss at 3104. It's trying to build a bottom near its previous breakout area, said VLA Ambala.

IOL Chemicals and Pharmaceuticals

IOLCP 2nd Target done and still looking bullish as it is taking support above its 200 days EMA at the daily timeframe. One can add more near 438, for targets 465 to 515 with stop loss at 360.

BASF India

Buy BASF near 260 and hold it for a target ranging from 2650 to 2800. Keep BASF stop loss at 2455.

Jubilant FoodWorks

Buy JUBLFOOD at or above 507 and expect a target ranging from 530, 560 and 600 with stop loss at 460.

All of the recommendations are being provided based on the price overall movement, previous behaviour and based on technical analysis.

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.