Stocks To Buy Today: Day Trading Stock Picks By VLA Ambala On 15th Nov

After Diwali, on the very first trading session on November 13, benchmark indices witnessed selling pressure in intraday and traded in the 0.40% range during the day. It is trading near the 50-day Exponential Moving Average (EMA) level and above its 20- and 200-day EMA. To maintain a buying movement market Index Nifty is required to sustain above this Intraday high level otherwise sellers will try to take control of the market in the coming days. Hence 19510 to 19430 range will be an upcoming trend decisive range in the coming weekdays.

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 19410/19390/19355 and resistance near 19480/19525/19550 and levels are most relevant in case of flat or slightly gap opening, Ms. Ambala remarked of nifty Intraday important actionable levels.

Bank Nifty Outlook for Today

In case of a flat or slight gap opening, the Banking Index is anticipated to receive support around 43800/43630 and major resistance levels at 43950/44050/44120. It's worth mentioning that Bank Nifty has exhibited a strong lower price rejection by forming a "Bullish Pin Bar" in yesterday's trading session. If the price starts closing above or below this range next big range movement will be seen soon", said VLA Ambala - SEBI Regd. RA and Co-founder of Stock Market Today.

Intraday and Swing Trading Stock Recommendations by VLA Ambala

VLA Ambala, a SEBI Registered Research Analyst, has provided recommendations for five stocks for intraday and swing trading on Wednesday, 15th November.

Balrampur Chini Mills

Consider buying MBALRAMCHIN around 418 to 420, with a target range of 430 to 450 and a stop loss at 410. The price is trading near an important EMA, providing significant support.

Bharat Electronics

Buy BEL at 140/144 and hold for a mid-term target ranging from 149 to 160, with a stop loss at 135.

ACC

Buy ACC at 1840 and hold for a mid-term target ranging from 1870 to 1920, with a stop loss at 1803.

Hindalco Industries

Buy HINDALCO at 485 and hold for a mid-term target ranging from 490 to 530, with a stop loss at 470.

Atul

Buy ATUL at 6700 and hold for a mid-term target ranging from 6800 to 7100, with a stop loss at 6470.

All of the recommendations are being provided here based on the price overall movement, previous behaviour and technical analysis"- said VLA Ambala (SEBI Regd. RA).

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.