Stocks To Buy Today: 3 Intraday Stock Picks By VLA Ambala On 23rd Nov

Wednesday commenced for Sensex and Nifty with a minor gap, maintaining a favourable trajectory and displaying robust resistance against lower prices. Throughout the day, notable buying activity was evident, especially in major indices, while the Banking index encountered some downward pressure.

The Tata Tech IPO garnered a positive response across all categories on its debut, and a favourable premium listing for the Tata Tech IPO is expected. Expect a substantial impending market shift and closely observe overall price movements.

Nifty and Bank Nifty Major levels

Significant support levels for the upcoming session are projected at 19740 and 19675, with resistance points at 19825, 19950, and 19970. In the Banking Index, crucial support levels hover around 43310 and 43050, with anticipated resistance points at 43630 and 43900 for the forthcoming session", remarked V.L.A. Ambala, a SEBI Registered Research Analyst and Co-founder of Stock Market Today (SMT).

Stocks To Buy Today

On Thursday, November 23, VLA Ambala, a SEBI Registered Research Analyst, presented recommendations for three stocks for intraday and swing trading.

Deepak Nitrite

Buy DEEPAKNTR at 2138 and hold for a mid-term target ranging from 2160 to 2250, with a stop loss at 2110.

UltraTech Cement

Buy ULTRACEMCO at 125 and hold for a mid-term target ranging from 130 to 145, with a stop loss at 110.

Tata Steel

Buy TATASTEEL at 125 and hold for a mid-term target ranging from 130 to 150, with a stop loss at 115.

"All of the recommendations are being provided here based on the price overall movement, previous behaviour and technical analysis", said V.L.A. Ambala (SEBI Registered Research Analyst), Stock Market Today (SMT).

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.