Day Trading Guide: Top 10 Swing & Day Trading Stocks For Today By VLA Ambala of SMT

Monthly closing is showing the bear's bias. Crucial support range, if this gets breech selling, may go intense. Nifty 50 closed on Friday just near (slightly above) July month's closing. Our Market has been selling pressure for the last three sessions in intraday. On the day of future and option expiry of August, BSE Sensex closed at the level of 64,831.41 points with a fall of 255.84 points or 0.39%. Likewise, NSE Nifty settled the day at the level of 19,284.65 points with a decline of 62.80 points or 0.32%. Mid-Caps managed to close with a marginal minus of 0.02% loss over its previous closing. NSE top losers were Adani Enterprises, BPCL, Adani Ports, Eicher Motors and Britannia and Maruti Suzuki, Cipla, HDFC Life, Titan and Hindalco.

Day trading guide for the stock market today

On the outlook for Nifty, VLA Ambala - SEBI RA, Stock Market Today Nifty has confirmed a negative monthly closing and we have been kept asking that keep in mind that at the higher timeframe Price is forming a bearish Pattern (Head & Shoulder). it's facing resistance now and moving in the impulsive move of downtrends. On Friday 1st September, 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, "In last session, Bank Nifty gave a stock bearish closing below it is trading in its 20- & 50-days EMA at daily timeframe but still trading above its 50 days EMA at weekly timeframe. Hence 44030 is a very crucial level for next month movement".

Bank nifty major support for Friday 1st Sep should be at 43900, 43613 and 43500. Major resistances will be at 44265, 44400 and 44515. Tomorrow is the first day of this new monthly trading session in the F&O segment.

Global Cues

Soaring inflation is the major concern for all economies as of now. US main indexes opened higher on Thursday as a keenly awaited inflation reading came in line with expectations, this was the hope of ray that the Federal Reserve could pause its monetary tightening". Our Markets can also be feeling this pressure in coming days", said VLA Ambala.

F&O Ban List

BHEL and IBULHSGF these 2 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 due to the fact that they have exceeded 95% of the 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 Friday. Stocks to buy for Intraday and Swing Trading by VLA Ambala - (SEBI RA, Stock Market Today)

IRCTC

IRCTC looking good to buy above in 657 to 660 and has a target expectation 678 - 700 with a stop loss of 640.

''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 133 and has a target expectation of 160, 180 and 210 with a stop loss of 110
''Price is trading above its important EMAs".

Navin Fluorine International

Buy NAVINFLUOR in the range of 4500 to 4540 and hold it for 4650 to 4800 in the very short term. Keep stop loss in consideration with a stop loss of Rs 4350. NAVINFLUOR looks strong on the chart and it could deliver good gains in the coming days too.

RITES

Buy RITES at or above the 510 range and keep target expectation between 550 to 610 with stop loss at 470.

Jindal Saw

Buy JINDALSAW above the 350 range with a stop loss of Rs 295 and for targets of 380 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 Rs 1465.

ACC

Buy ACC near 1990 and hold it for a target ranging from 2030 to 2400. Keep ACC stop loss at 1915

IOL Chemicals and Pharmaceuticals

IOLCP 2nd Target is done and still looking bullish as it is taking support above its 200-day EMA at the daily timeframe. One can add more near 435, for targets 465 to 515 with stop loss at 360.

BASF India

1st target is done but still looking bullish so one can add more to it. Buy BASF near 2650 and hold it for a target ranging from 2700 to 2900. Keep BASF stop loss at 2455.

Jubilant FoodWorks

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

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.