Intraday Stocks To Buy Today, March 27: Top Picks By Anand James of Geojit Investments On Friday

In the midst of an prolonged war, Indian market indices ended well, with the Nifty closing above 23,300 on March 25. The Nifty was up 394.05 points, or 1.72 percent, at 23,306.45 at closing, while the Sensex was up 1,205 points, or 1.63 percent, at 75,273.45. With quite 0.40% decline to end at 24.64, the India VIX stayed essentially intact, suggesting moderate volatility and a comparatively stable perception of risk among market participants. The current recovery will probably continue to be precarious in the future and dependent on further clarity on geopolitical events.

Nifty Outlook Today

"The rejection trades in the second half of the day and VIX staying close to 25 despite Nifty's sharp initial rise hint at caution resurfacing. A direct fall below 22950 could bring 22500-21900 back into focus. Meanwhile, if Nifty is able to float above 22950, expect intermittent upswings, but such attempts are likely to be capped at 23220 or 23300," commented Anand James, Chief Market Strategist, Geojit Investments Limited.

Bank Nifty Outlook Today

"The Bank Nifty also displayed strong upward momentum, signaling improving sentiment in the banking space. It opened significantly higher by 947.05 points at 52,384.80 but declined early in the session to a low of 51,827.50. Thereafter, the index staged a sharp recovery, rising 1,121.65 points to hit an intraday high of 52,949.15. It closed at 52,605.65, posting a gain of 1,167.90 points or 2.27%. The appearance of a spinning top candlestick suggests some degree of market indecision. Support is identified around the 53,700-53,800 range, while resistance is expected between 54,300 and 54,400. The RSI reading of 31.37 indicates that the index is approaching oversold territory," commented Aakash Shah, Technical Research Analyst at Choice Equity Broking Private Limited.

Stocks To Buy Today

Amidst persistent global concerns and heightened market volatility, Anand James, Chief Market Strategist at Geojit Investments Limited, recommended buying two stocks today with a five-day holding period.

Tata Chemicals

• Entry: 625-619
• Target: 632 - 645
• Stoploss: 609.5
• Reversal candle

Aptus Value Housing Finance India

• Entry: 207 - 204
• Target: 212 - 218
• Stoploss: 199
• Reversal candle

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