Stocks To Buy: 4 Intraday Trading Stock Recommendations By VLA Ambala On Friday, 14th June

Yesterday, the Nifty index traded within the point range of 120 with an intraday trade session of 23,481 before closing at 23,398. The RSI is hovering close to 50 on the daily timeframe, indicating a neutral momentum.
"For those who are concerned about potential market corrections, any dip to 5% should be seen as a buying opportunity. The re-election of the government for a third term reflects the continuation of the policies, which could stabilize market sentiment, especially in the education and infrastructure sectors.

Those who missed the previous rally should be prepared with available funds to take advantage of potential dips. Alternatively, consider investing in market-themed mutual funds if cautious about high valuations. The current consolidation range of nifty and its relatively high valuation point to a market is stable but selective with quality stocks available at discounted price points in current all-time high market scenarios for low risk," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Market Outlook Today

"For the Nifty index, the key support levels for today's trading session will be between 23360 and 23290, whereas resistance will likely be noticed between 23425 and 23510. On the other hand, the Bank Nifty Index could find key support between 49920 and 49650, and witness 50150 and 50400, acting as their major resistance points," VLA Ambala commented.

Rupak De, Senior Technical Analyst, LKP Securities said, "Nifty remained sideways following a gap-up start. The index has been consistently flat for the last four days, indicating a pause before a sharp move. The direction of this move is not yet known, at least not before any directional breakout. From here, a decisive move above 23,500 might lead to the covering of call writing, which could take the index higher towards 23,800. On the lower end, support is placed at 23,300, below which the index might weaken."

Stocks to checkout on 14 June 2024, Friday

• BTST: ISGEC
• Type: Buy
• Entry Range: Rs. 1,205 - Rs.1,216
• Target 1: Rs. 1,225
• Target 2: Rs. 1,235
• Stop Loss: Rs.1,195
• Time Period: 1 Day

• BTST: APTUS
• Type: Buy
• Entry Range: Rs.337 - Rs. 340
• Target 1: Rs. 343
• Target 2: Rs. 346
• Stop Loss: Rs. 334
• Time Period: 1 Day

• Intraday: SAURASHCEM
• Type: Buy
• Entry Range: Rs. 145 - Rs. 146
• Target 1: Rs. 148
• Target 2: Rs. 150
• Stop Loss: Rs. 143
• Time Period: Intraday

• Intraday: DBL
• Type: Buy
• Entry Range: Rs. 488 - Rs. 492
• Target 1: Rs. 496
• Target 2: Rs. 500
• Stop Loss: Rs. 484
• Time Period: Intraday

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.