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

On Tuesday, the major indices closed on a positive note. BSE Sensex gained 103.42 points or 0.16% on the day and closed at 65,100.02. The NSE Nifty surged 43.60 points or 0.23 % and concluded the day at 19,349.65. Nifty Bank gained 19.30 points and closed nearly at 44,510. Mid-Caps signed more than large-caps and broader market indices performed much better than the major index. From the Sensex pack, Tata Steel, NTPC, JSW Steel, HDFC Bank, HCL Tech were among the top gainers. Bharti Airtel, Reliance, HUL, Axis Bank, IndusInd Bank were among the top losers. All sectoral indices concluded the day in green except Pharma, Pvt banks and FMCG and NIFTY IT. Nifty Metal rose highest today with a 1.28% upside movement

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) and it's not breaking its support as of now. Nifty is trading in its 20- and 50-day EMA with a closing market price of 19352. On Wednesday 30th August, we can see Nifty to trade in the 19488 to 19210 range.

On the outlook for Bank Nifty, VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) said, Bank Nifty major support for Wednesday 30th should be at 44410, 44300 and 44200. Major resistances will be at 44675, 44800 and 44940.

Global Cues

Asian and European Markets and other Global markets are performing well. As we are checking all major markets are trading in positive only except GIFT NIFTY which is down by some marginal points only. Even all commodities are trading at the previous day higher levels with positive points. 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, as this could be treated as a Dip Buying Opportunity" and only for long term perspective," said VLA Ambala.

F&O Ban List

Indiabulls Housing Finance Ltd, Escorts Kubota, Sun Tv Network, RBL Bank, GMR Airports Infrastructure, Hindustan Copper and Manappuram Finance are 9 stocks that are a part of the F&O ban list today by the stock exchange.

According to the NSE, the securities have been banned from trading in the F&O segment because they surpassed 95% of market-wide position limit (MWPL). The stocks, however, will be tradable on the cash market

Swing and Day trading stocks for today By VLA Ambala

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 Wednesday. Here are the stocks to buy for Intraday and Swing Trading as recommended by VLA Ambala - (SEBI RA, Stock Market Today).

Tata Chemicals

Buy TATACHEM above 1040 and the target for this will be at ₹1060 to 1100 with a stop loss of 1000. 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.

PCBL

PCBL looks good to buy above 172 and has a target expectation of 190 to 250 with a stop loss of 140 'Price is trading above its important EMAs".

Sun Pharma Advanced Research Co Ltd

Looking extremely bullish and good to Buy to be in this Movement. Buy SPARC above 233 and keep target expectations at 245 to 280 and keep stop loss at 207.

Jindal Steel And Power

Buy JINDALSTEL at or above the 676 range and keep target expectation between 690 to 740 with stop loss at 630.

Sterling and Wilson Renewable Energy

Buy SWSOLAR above 390 range with a stop loss of ₹360 and for targets of 405 to 430. The stock is trading to its 20 EMA today.

Indigo Paints

Buy INDIGOPNTS in the range of 1550 to 1560 and hold it for 1600 to 1750 in the very short term. Keep stop loss in consideration with a stop loss of ₹1465.

Manappuram Finance

Buy MANAPPURAM at 145 for a target of 150 to 175 and keep a strict Stop loss at 130. It's trying to build a bottom near its previous breakout area, said VLA Ambala

MTNL

It is taking support above its 200-day 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.

BASF India

Buy BASF near 2580 and hold it for a target ranging from 2650 to 2800. Keep BASF stop loss at 2455.

Uflex

Buy UFLEX at or above 385 and expect a target ranging from 395 to 450 with stop loss at 355.

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.