Swing Trading Guide: 5 Intraday Stocks To Buy/Sell Today On 22nd Sept As Guided By VLA Ambala

As we have analysed and shared with you all selling pressure may continue. FII & DII data were the Net sellers yesterday. Yesterday our market experienced an all-round selloff on Thursday 21st Sep 2023. To be more specific, benchmarks Nifty50 and Sensex ended in the bear's territory for the third consecutive trading session. Nifty 50 closed below 19,750, and Sensex fell over 550 points. Weak global cues may continue to pressurise domestic market sentiment for a few days, said VLA Ambala.

Weak global cues such as High Inflation, Geo-politics, and Dollar and Crude rising prices continued to put pressure on our domestic market sentiment. After the G20 summit Canadian and Indian cases are getting more tense now. As an emerging economy, it is not a good sign for us and this needs to get in control as soon as possible", VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) on her outlook on major market trends and indices.

Amid the bearish sentiments, the major index closed in Red. However, Nifty PSU Banks, Pvt Banks and Nifty Auto and Nifty Pharma plunged the most yesterday. The sell-off was more severe in the Bank Nifty sector as it fell around 1.68% intraday. We had asked that Price has to reach its medians. In just 2 days it has reached its 20 days EMA and closed at 19748 today. Still, there are possibilities that the price could trade in the 2% to 4% range this week.

At NSE, Nifty5o was down by 159 points or 0.80 per cent at 19,742.35. level, while the S&P BSE Sensex slipped by 571 points or 0.85 percent at 66,230.24, level Intraday on Thursday. All the broader market indices also ended the day on a weaker note. This may continue for a few.

Nifty50, after forming a Price action for Bearish sentiments pattern "Evening Star Candlestick Chart Pattern" At the daily time frame, Nifty has fallen for 2 consecutive days and plunged almost 2% in just 2 trading sessions. Now it is trading below its 20 Days EMA from its current Price and filled its divergence. Nifty could see major support at 19660/19530/ 19460 and resistance at 19850/19935. However, Bank Nifty major resistance for today as of Friday 22th Sep should be at 45200/ 45480. Major support will be 44090/43700," she remarked on key levels for Nifty and Bank Nifty for today.

Swing and Day trading stocks for today by VLA Ambala

On intraday and swing stocks for today, stock market experts - VLA Ambala (SEBI Registered Research Analyst)- recommended 5 stocks to buy today for Intraday and swing trading. Here are the 5 best stocks or shares to buy for Intraday and swing trading to watch today.

Salzer Electronics

SALZERELEC looks good to buy above 385 to 394 (range) and has a target expectation of 430 to 465 with a stop loss of 360.

Jindal Poly Investment And Finance Company

JPOLYINVST looking good buy in the 540 to 575 range and has a target expectation of 600 to 690 with a stop loss of 520. ''Price is trading above its important EMA which could act as a major support point for this.

SBI

SBIN looking good buy in the 570 to 576 range and has a target expectation of 590 to 650 with a stop loss at 530. ''Price is trading above its important EMA which could act as a major support point for this

TCS

Buy TCS in the range of 3480 to 3520 and hold it for 3600 to 3650 in a very short term. Keep stop loss in consideration of 3400.

Patanjali Foods

Buy PATANJALI near the 1185 to 1270 range and hold it for a target ranging from 1340 to 1645 in the mid-term. Keep its stop loss at 1060.

"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.