Buy/Sell: 4 Stock Recommendations By VLA Ambala On Wednesday, 27th March

The benchmark index Nifty traded in a narrow range during the session and ended the day on Tuesday in the green territory in intraday. However, the market is filled with a sense of uncertainty and caution as we move closer to the end of the current financial year. In addition, the anticipated RBI policy announcement and the approaching Lok Sabha Elections are influencing the gloom in the market. However, with the inflation levels remaining at the bottom, the regulatory body is likely to keep the repo rates unchanged in its April monetary policy.

The Indian stock market witnessed an uptrend after Fitch released its latest rating. It also remarked that it could be challenging for the Indian government to achieve its 2025-26 deficit target. Judging by these factors, the stock market is likely to experience a downturn in the coming day and could create ample buying-on-dip opportunities in quality stocks for new investors, said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Market View for 27th March 2024

For the Nifty index, the key support levels for the next trading session will be around 22000 and 21920, whereas resistance is likely to be noticed at 22080 and 22145. On the other hand, the banking index could find key support at 46300 and 46050, with 46820 and 47000 acting as their major resistance points, stated VLA Ambala.

Stocks To Buy Today

V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT) has recommended 4 stocks to buy or sell on Wednesday 27th March.

THERMAX

• TRADE TITLE: INTRADAY/BTST
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 4000-4060
• TARGET 1: Rs. 4100
• TARGET 2: Rs. 4150
• TARGET 3: Rs. 4200
• TIME PERIOD: BTST
• STOP LOSS: Rs. 3980

METROPOLIS

• TRADE TITLE: SWING
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 1640-1660
• TARGET 1: Rs. 1740
• TARGET 2: Rs. 1790
• TARGET 3: Rs. 1850
• TIME PERIOD: 3-40 Days
• STOP LOSS: Rs. 1580

TATACHEM

• TRADE TITLE: SWING
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 1040 to 1080
• TARGET 1: Rs. 1110
• TARGET 2: Rs. 1135
• TARGET 3: Rs. 1200
• TIME PERIOD: BTST
• STOP LOSS: Rs. 1003

Sundaram Clayton Ltd

• TRADE TITLE: SWING
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 1320 to 1335
• TARGET 1: Rs. 1385
• TARGET 2: Rs. 1400
• TARGET 3: Rs. 1420
• TIME PERIOD: BTST
• STOP LOSS: Rs. 1300

Note: V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behavior, and technical analysis.

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.