Stocks To Buy Today: 4 Swing Trading Picks By VLA Ambala For Thursday, 2nd Nov

All of the main indices of the Indian market saw strong rises when the session began on Thursday. The Nifty gained 150.80 points, or 0.79 per cent to open at 19,140, while the Sensex surged 493.59 points, or 0.78 per cent to begin at 64,084.92 level.

Nifty50 Outlook for Today

In the last trading session, Nifty closed below its day open and it's. Sign for selling pressure, now Intraday is open and highs are going to key points in intraday. However, Nifty is still trading in a small range of 200- and 50-Days EMA. Another big movement is expected after this range. Today, intraday resistance levels are at 19235/19315. These levels may provide opportunities for sell opportunities, especially for those looking to sell trades during price increases. Intraday support levels for Nifty50 are 18940/18805/18760 and major action could be seen at given levels.

Bank Nifty Outlook for Today

The nearest support levels for Bank Nifty today are 42615/42435/42320. Considering the overall market movement, the major resistance levels for intraday trading are 43180/43380/43450.

Intraday and Swing Trading Stock Recommendations

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

Zee Entertainment Enterprises

Buy ZEEL above 267 for targets ranging from 280 to 293 with a stop loss at 250.

Welspun Corp

Buy WELCORP above 432/434 for targets ranging from 455 to 530 with a stop loss at 400.

Sun Pharma Advanced Research Co

Buy SPARC above 235 for targets ranging from 245 to 260 with a stop loss at 226.

Sun Tv Network

Buy SUNTV above 642 for targets ranging from 660 to 700 with a stop loss at 615.

These recommendations are based on price movements, historical behaviour, and technical analysis, as provided by VLA Ambala, a SEBI Registered Research Analyst.

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.