Stocks To Buy Today: Day Trading Stock Picks By VLA Ambala On 16th Nov

A majority of the sectoral indices showed strong buying along with Nifty, Sensex and Nifty Bank. Nifty has successfully started trading above its 20 and 50-day EMAs and it's a positive sign for upside movement in the coming days.

Nifty closed around 19,675 and for today, intraday support levels are at 19605/19550. These levels may provide opportunities for buying on Intraday. Major resistance levels for Nifty50 are at 19700/19780. However, it's essential to note that a "Buy on Dip" strategy is recommended until it is trading above the closing price, said VLA Ambala - SEBI Regd. RA and Co-founder of Stock Market Today.

Bank Nifty Outlook for Today

The nearest support levels for Bank Nifty today are at 44220/44080. Considering the overall market movement, the major resistance levels for intraday trading are 44310/44420/44600.

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 Thursday, 16th November.

NLC India

Buy NLCINDIA at 162 and hold for a mid-term target ranging from 170 to 200, with a stop loss at 146.

Gujarat Gas

Buy GUJGASLTD at 420 and hold for a mid-term target ranging from 435 to 480, with a stop loss at 405.

Jubilant FoodWorks

Buy JUBLFOOD at 515 and hold for a mid-term target ranging from 530 to 600, with a stop loss at 490.

Sterling and Wilson Renewable Energy

Buy SWSOLAR at 296 and hold for a mid-term target ranging from 320 to 400, with a stop loss at 250.

Adani Total Gas

Buy ATGL at 555 and hold for a mid-term target ranging from 620 to 750, with a stop loss at 500.

"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.