Swing Trading Guide: 3 Buy/Sell Stock Recommendations By VLA Ambala On Tuesday, 28th May

In the latest trading session, the Sensex touched the record level of 76009.68 while the Nifty was seen trading at a high of 23110.80 in intraday. On the other hand, Bank Nifty touched the 49500 mark intraday but concluded the day below the day's high. By the end of the day, stocks from sectors such as Banking, Realty, and IT emerged as market leaders.

"While almost all indices are currently overvalued, they are expected to undergo a correction soon. Such a development will present a lucrative opportunity for traders which they should not miss if they wish to grow their portfolio. Judging by the current momentum, small profits are likely to occur at the broader market levels as the market continues to ride the overbought territory," V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT) commented.

"Amid these situations, investors with long to mid-term views can book some profits if they remain invested or wait for notable dip opportunities. Since the broader market is displaying a bullish trend, I recommend avoiding highly valued stocks if one's view is limited to the short term. Regardless, based on the current situation betting on sectors such as FMCG and private banks could be a lucrative bet. So, my advice for those interested is to focus on good-quality mid-cap stocks and strategize to encash good dip opportunities," she further added.

Market Outlook Today

"For the Nifty index, the key support levels for the next trading session will be around 22920/22845/ 22790, whereas resistance will likely be noticed between 22970 and 23050. On the other hand, the Banking Index could find key support at 49200 and 49000, and witness 49350 and 49450, acting as their major resistance points," VLA Ambala predicted.

Stocks To Buy Today

V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT) has recommended 3 swing trading stocks to buy or sell on Tuesday, 28th May.

RUCHIRA

• TRADE TITLE: SWING
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 127/128
• TARGET 1: Rs. 130
• TARGET 2: Rs. 132
• TARGET 2: Rs. 135
• TIME PERIOD: 1-10 Days
• STOP LOSS: Rs. 126

TANLA

• TRADE TITLE: SWING
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs.920
• TARGET 1: Rs. 945
• TARGET 2: Rs. 960
• TARGET 2: Rs. 980
• TIME PERIOD: 1-10 Days
• STOP LOSS: Rs. 890

METROPOLIS

• TRADE TITLE: SWING
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 1880- 1960
• TARGET 1: Rs. 2040
• TARGET 2: Rs. 2100
• TARGET 2: Rs. 2200
• TIME PERIOD: 1-15 Days
• STOP LOSS: Rs. 1800

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.