Stocks To Buy Today: 3 Technical Stock Picks By VLA Ambala On Friday, 8th Dec

Today marks a trade-in sale range and forms another "Bullish Pin Bar" at the daily time frame. In Nifty 20620 is major support for the current uptrend. There is an anticipation of a pullback in broader indices, and in the event of a substantial gap down, it is advisable to "Buy on Dip," while a considerable gap up suggests "Sell on Rise" for intraday trading.

Regarding today's projections, key support levels for Nifty are expected at 20840, 20800, and 20720, while major resistance points are identified at 21000, 21050, and 21200.

The banking sector has outperformed the benchmark index and shows potential for further upward movement. In today's trading, significant support levels for Nifty Bank are forecasted at 46720 and 46560, with notable resistance points at 47000, 47180, and 47350. V.L.A. Ambala, a SEBI Registered Research Analyst and Co-Founder of Stock Market Today (SMT), emphasized the ongoing potential for banking stocks to rise.

Stocks To Buy Today

As a SEBI Registered Research Analyst, VLA Ambala has provided intraday and swing trading recommendations for 3 stocks:

Trigyn Technologies

Consider purchasing in TRIGYN at the 137 range, holding for targets ranging from 145 to 170, with a stop loss at 124. Daily and weekly RSI indicators suggest favourable conditions for this stock.

IOL Chemicals and Pharmaceuticals

Consider buying above the 450 to 455 range, holding for targets ranging from 470 to 490, with a stop loss at 430. Daily and weekly RSI indicators suggest favorable conditions for this stock.

Kellton Tech Solutions

Consider buying above the 87 range, holding for targets ranging from 93 to 110, with a stop loss at 82. Daily and weekly RSI indicators suggest favorable setup for this stock.

V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behavior, and 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.