Day Trading Guide: Top 7 Stocks To Buy/Sell On Monday As Recommended By VLA Ambala of SMT

G20 summits will have a positive impact on our market sentiments. High possibility that we will sign many MoUs as an out of this G-20 summit. Our Markets are in a bullish trend and trying to sustain above their swing supports. If this attempt is successful then chances are higher that we could witness new highs in NIFTY 50 and Sensex in Q3 2023. Mid-caps and Small-caps are tremendously outperforming the major indices. And I am seeing huge potential in many large-cap stocks too.

PSU Sectors stocks are gearing up for another impulsive in their uptrend. Dips are being taken as a golden opportunity. Invest wisely and cautiously when you are putting your hefty amount in Small Caps and Mid-Caps, good balance is always better. Overall, the trend is bullish. We expect the broader market participation to continue to outperform. What should be our trade plan for the Today trading session on Monday, 11th September 2023? Which Stocks could be in focus today? Let's check it now.

Day trading guide for today

The benchmark indices closed on Friday with gains, amid a strong trend in global markets. Sensex surged by 333.35 points or 0.62 per cent, closed at 66,598.91. The NSE Nifty 50, gained 0.47% and concluded the day at 19,819.95.

The top five gainers of the NSE were NTPC, Coal India, BPCL, Tata Motors, and Larsen & Toubro. UPL, Eicher Motors, Apollo Hospitals, Ultratech Cement and SBI Life Insurance were the top five losers of the day.

On Monday, 11th September 2023, we could see Nifty to trade in the 19590 to 20000 range. On the outlook for Bank Nifty, VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) said, "Our Markets are bullish. From now on we should try to use buy on dip strategy instead of sell-on-rise until the price trading is small." Bank Nifty major resistance for Monday, 11th September 2023 should be at 45410/45650. Major support will be at 44840/44710.

Global Cues

"We are so positive and expecting to get worthy projects in India's G20 Presidency, Market sentiments are getting stronger. Positive bias is leading the market," said Ambala.

Best Intraday, Swing and Day trading stocks pick for today by VLA Ambala

On intraday and swing stocks for today, stock market experts - VLA Ambala (SEBI Registered Research Analyst)- recommended the below shares to buy today for Intraday and swing trading.

Balkrishna Industries

BALKRISIND looks good to buy above 2410 (range) and has a target expectation of 2480 to 2580 with a stop loss of 2320.

Reliance Industries

RELIANCE above 2445 and hold it for target ranging from 2480 to 2550. Keep RELIANCE stop loss at 2385.

REC

Buy RECLTD in the range of 272 and hold it for 280 to 350 in the very short term. Keep stop loss in consideration with a stop loss of 235.

Bata India

Buy BATAINDIA in the range of 1724 and hold it for 1760 to 1840 in the very short term. Keep stop loss in consideration with a stop loss of 1670.

Atul

Buy ATUL at or above 7520 and expect a target ranging from 8000 and 9200 with stop loss at 6500.

Hindalco Industries

Buy HINDALCO at or above 478 and expect a target ranging from 492 and 530 with a stop loss at 455.

Adani Ports and Special Economic Zone

Buy ADANIPORTS at or above 826 and expect a target ranging from 845 and 950 with a stop loss at 788.

"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.