Stocks To Buy Today: 3 Swing Trading Stock Picks By VLA Ambala of SMT On 10th Nov

On November 9, benchmark indices witnessed selling pressure from its PDH and day open range which was also the 50-day Exponential Moving Average (EMA) level. To maintain a buying movement market Index Nifty is required to sustain above this level otherwise sellers will try to take control of the market in the coming day. Hence the 19510 to 19400 range will be an upcoming trend decisive range.

Worth noticing here after this range Nifty will be ready for another minimum 3% directional movement. Traders should watch this level closely, advised VLA Ambala - SEBI Regd. RA and Co-founder of Stock Market Today. Today Nifty could see major support at 19330/19270/19200 and resistance near 19425/19480/19530 Ambala remarked of nifty Intraday important actionable levels.

Bank Nifty Outlook for Today

In the banking sector, the Banking Index is anticipated to receive support around 43530/43410/43240 and major resistance levels at 43830/43950/44120. It's worth mentioning that Bank Nifty has exhibited a strong lower price rejection by forming a "Bullish Pin Bar" in the last-to-last trading session but still did not confirm its acceptance with the proceeding candlestick at the daily timeframe. If the price starts closing above or below this range, the next big range movement will be seen soon, said VLA Ambala - SEBI Regd. RA and Co-founder of Stock Market Today.

Stocks To Buy Today

VLA Ambala, a SEBI Registered Research Analyst, has provided recommendations for 3 stocks for intraday and swing trading on 10th November, Friday.

Mahindra And Mahindra

Consider buying M&M around 1560, with a target range of 1640 to 1690 and a stop loss at 1480. The price is trading near an important EMA, providing significant support.

Metropolis Healthcare

Buy METROPOLIS at 1630 and hold for a mid-term target ranging from 1700 to 1850, with a stop loss at 1510.

Tata Chemicals

Buy TATACHEM at 960 and hold for a mid-term target ranging from 970 to 995, with a stop loss at 945.

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.