Day Trading Guide: Top 10 Shares To Buy/Sell Today As Recommended By VLA Ambala of SMT

All major Indian stock market indices ended higher on Monday 28th Aug after opening gap-up. While financial and AMC shares led the upside movement. The market witnessed a surprise fall in Reliance Industries Limited and Jio Financial Services after the company's 46th Annual General Meeting (AGM). The market has reacted negatively to its demerger road map plan.

At the day's closing, the Sensex closed higher at 64,996.60 with 110.09 points gains, while the Nifty50 gained 0.21% with 40.25 points and ended the session at 19,306. Mid-Caps signed more than large-caps on Monday. Broader market indices performed much better than the major indices.

Top losers were Dr Reddy's Laboratories, Adani Ports, JSW Steel, Power Grid, and Larsen and Toubro. The top gainers of the day were Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC, and Bharti Airtel.

All sectoral indices concluded the day in green except NIFTY FMCG and NIFTY IT. Pharma moved to most on Monday.

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 a bearish Pattern (Head & Shoulder) Nifty I still trading above 1.60% to its 20 EMA at the weekly time frame and just at its 50 Days EMA. So, we should be very watchful before making any directional view. Price is trying to break its major support range.

On Tuesday 29th August, we can see Nifty trading in the 19385 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 Tuesday 29th should be at 44390, 42268 and 44195. Major resistances will be at 44625 and 44740. Tomorrow could be a big range trading day as compared to today.

Global Cues

"Asian and other Global markets are performing well amid a lot of speculation about US job Inflation and China's new measures to support its domestic markets. Investors are keeping their eyes on India as of now," says VLA Ambala.

F&O Ban List

BHEL, GMR Airports Infrastructure, India Cements, Manappuram Finance, RBL Bank, Hindustan Copper, SUN TV, Escorts Kubota, and Indiabulls Housing Finance are the 9 stocks that are a part of the F&O ban list today by the stock exchange.

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 Tuesday.

Tata Chemicals

Buy TATACHEM above 1040 and the target for this will be at ₹1060 to 1100 with a stop loss of 100. The 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.

Atul Ltd

ATUL looks good to buy above 6950 and has a target expectation of 7000 to 7210 with a stop loss of 6800
''Price is trading above its important EMAs".

Gujarat Mineral Development Corporation

Looking extremely bullish and good to Buy to be in this Movement. Buy GMDCLTD above 235 to 250 range and keep target expectations at 265 to 300 and keep stop loss at stop loss at 210.

Indiabulls Housing Finance

Buy IBULHSGFIN at or above the 190 range and keep target expectation between 220 to 285 with stop loss at 150.

Sterling and Wilson Renewable Energy

Buy SWSOLAR above 375-385 range with a stop loss of ₹354 and for targets of 380 to 400. The stock is trading to its 20 EMA today.

Agarwal Industrial Corporation

Buy AGARIND in the range of 4460 to 4490 and hold it for 4600 to 4750 in the very short term. Keep stop loss in consideration with a stop loss of ₹4420.

Manappuram Finance

Buy MANAPPURAM at 143 for a target of 150 to 165 and keep a strict Stop loss at 130. It's trying to build a bottom near its previous breakout area, said VLA Ambala.

Mahanagar Telephone Nigam

MTNL is taking support above its 200 days EMA at the daily timeframe and its 1st Target is done at 24 but still bullish. One can add more near 23.50 to 24 now it's looking good to buy at 22 for targets 25 to 35 with a stop loss at 19.

Jaiprakash Power Ventures

Buy JPPOWER near 8.20 and hold it for a target ranging from 10 to 15 Keep ACC stop loss at 6.50.

Vidhi Specialty Food Ingredients

Buy VIDHIING at 460 and expect a target ranging from 500 to 630 with stop loss at 405.

All of the recommendations are being provided based on the price's overall movement, previous behaviours 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.