Stocks To Buy Today: 5 Technical Picks By VLA Ambala On Thursday, 30th Nov

Yesterday, 29th November was the second consecutive day, the bull's strong presence was visible. It was a directional rally day. Our markets' major indexes Nifty and Sensex surpassed the 20000 and 66900 respectively. Traded in a wide range of almost 1% and closed the day on a very positive note. Nifty closed near 20,100 and this signals the beginning of a fresh impulsive move. The market has been indicating the potential for a significant upward shift in the coming weeks too.

Today, key support levels for Nifty are expected at 20,040 and 20,010, while major resistance points are anticipated at 20,100 and 20,250. The banking sector, especially private banks, displayed a bullish trend, led by HDFC Bank, ICICI Bank, and Axis Bank.

Looking ahead to today, major support levels for Nifty Bank are projected at 44,520 and 43,300, with significant resistance points at 44830, 45050, and 45230. These insights are provided by V.L.A. Ambala, a SEBI Registered Research Analyst and Co-Founder of Stock Market Today (SMT).

Stocks To Buy Today

On November 30, VLA Ambala, a SEBI Registered Research Analyst, released recommendations for five stocks with buy, sell, hold or accumulate ratings.

Coforge

Buy COFORGE at 5650 and hold for a mid-term target ranging from 5750 to 6100 with a stop loss at 5430.

PI Industries

Buy PIIND at 3750 and hold for a mid-term target ranging from 3840 to 3900, with a stop loss at 3640.

Ramco Systems

Buy RAMCOSYS at 275 and hold for a mid-term target ranging from 300 to 350, with a stop loss at 230.

AU Small Finance Bank

Buy AUBANK at 745 and hold for a mid-term target ranging from 780 to 850, with a stop loss at 700.

ICICI Bank

Buy ICICIBANK at 935 and hold for a mid-term target ranging from 950 to 1000, with a stop loss at 900.

"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.