Intraday Stocks To Buy Today, March 11: Top Picks By Anand James of Geojit Investments On Wednesday

On Wednesday, March 11, 2026, the Sensex and Nifty opened flat, following unpleasant GIFT Nifty signals and weaker global cues. The Nifty lost 29.75 points to open at 24,231.85, while the 30-share BSE Sensex gained 32.93 points to begin the session at 78,238.91. Investors are still keeping an eye on global market trends and the ongoing volatility of crude oil prices.

Nifty Outlook Today

"On the daily chart, Nifty rebounded after testing the lower Bollinger Band placed near 24,126, which acted as an immediate cushion during the recent decline. The index is now approaching the 0.236 Fibonacci retracement level near 24,322, which is emerging as the first hurdle. A sustained move above this level may allow the index to extend the recovery toward the 24,400-24,450 region, where earlier support is now likely to act as resistance," said Om Mehra, Technical Research Analyst, SAMCO Securities.

"The index continued to trade below all its key moving averages. The RSI is placed near 34, indicating that the index is recovering from the oversold zone, while the MACD remains in negative territory, reflecting that the broader corrective tone has not completely faded. On the hourly chart, the 24,430 zone is acting as, an immediate resistance level. A sustained move above this level may lead to further recovery toward 24,600, while on the downside, 24,100-24,000 remains an important support area for the near term," he added.

Bank Nifty Outlook Today

"On the daily chart, Nifty Bank has formed a bullish candle and has rebounded from the lower Bollinger Band. The index is now approaching the 200-day moving average placed around the 57,500 zone. A sustained move above this level may allow the recovery to extend higher in the near term. The index continues to trade below its key moving averages, indicating that the broader trend remains under pressure," Om Mehra commented.

"The RSI is placed near 33, suggesting that the index is recovering from the oversold zone. The DMI setup shows the negative directional line holding above the positive line, indicating that the broader corrective phase is still intact. On the hourly chart, the 57,500 level is acting as an immediate resistance area. Further up, 57,700 remains a key resistance, while 56,400 will be an important level to watch on the downside in the coming sessions," the analyst further added.

Stocks To Buy Today

Anand James, Chief Market Strategist, Geojit Investments Limited, has recommended 2 stocks to buy today with a holding period of 5 trading days.

Healthcare Global Enterprises

• Target: 587 - 600
• Stoploss: 564
• Reversal pattern

Bombay Dyeing and Mfg Co Ltd

• Target: 110 - 115
• Stoploss: 103.5
• Reversal candle

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