Intraday Stocks To Buy Today, 18th July: Top Picks By Sumeet Bagadia For Profitable Trading On Friday

The Nifty index ended Thursday's trading day at 25,111.45, after a modest decline of 100.60 points. Over the previous four trading sessions, the index has maintained a subdued tone and remained confined within a narrow zone. After two days of recovery, Nifty Bank closed the day at 56,828.80, down 0.59%. The India VIX hardly moved, falling 0.02% to close at 11.24 and remaining well below the critical 13 level. The prolonged low volatility environment indicates that while bears are active on rallies, there is no evident panic or fear-driven selling. This suggests the current phase is one of measured consolidation rather than capitulation.

Nifty Outlook Today

"The Nifty continues to face headwinds at higher levels, with selling pressure repeatedly emerging on every intraday bounce. The index remains trapped within a narrow band of 25,000-25,350, with no clear directional trend in place. Until the Nifty convincingly crosses above the 25,350 mark, the likelihood of a sustainable uptrend remains slim. As long as the index trades below its 20-day EMA and faces persistent supply near the 25,250-25,330 zone, upward rallies are expected to encounter resistance," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"The derivatives setup-with heavy call OI at higher levels and muted put writing-signals a cautious-to-negative outlook in the short term. The RSI's position around the neutral zone further affirms the lack of strong momentum in either direction. Only a solid close above 25,350 will tilt the market structure decisively toward the bulls. Until then, Nifty is likely to remain range-bound between 25,000 and 25,350, offering limited trading opportunities and reinforcing the ongoing indecisiveness," the analyst further added.

Bank Nifty Outlook Today

"The Nifty Bank index remains under pressure as every upward attempt is met with fresh selling. Despite support emerging near 56,600, there has been no strong evidence of accumulation or buying conviction. The broader range between 56,600 and 57,350 continues to constrain price action. Until a clean breakout above 57,350 materializes, directional clarity is likely to remain elusive. As the index remains above its 20-day EMA and continues to defend the 56,600-56,700 zone, buyers might still hold the fort at lower levels," stated Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"However, the derivative structure-marked by elevated call open interest and subdued put activity-suggests caution. The RSI hovering around 50 adds to the lack of a firm directional signal. For the index to embark on a sustainable uptrend, it must deliver a strong close above the 57,350 threshold. Until then, Nifty Bank is expected to remain directionless within the 56,600-57,350 bracket, offering limited opportunities and high intraday noise with no decisive trend on either side," the analyst highlighted.

Stocks To Buy Today

On Friday, July 18, Choice Broking's executive director Sumeet Bagadia recommended purchasing two stocks after the India VIX increased by 0.02% to 11.2425, indicating steady volatility and slightly cautious tone in the market.

Prudent Corporate Advisory Services

Buy PRUDENT in Cash @ Rs 2903, Stop-loss @ Rs 2800, Target @ Rs 3100

PRUDENT, is currently trading at 2903, The stock opened on flat to positive note and rallied steadily throughout the previous session to hit a high of ₹2,920.10 before closing just below the intraday top, reflecting firm buyer conviction. PRUDENT has now comfortably crossed all its key EMAs, reinforcing the medium-term bullish structure. The stock had been consolidating in the 2,600-2,800 range over the past few weeks, and today's price action signals a successful breakout from that congestion zone.

The stock also shows a series of higher lows, hinting at sustained accumulation. With today's close, PRUDENT is now approaching the psychological level of 3,000, a critical resistance level that, if crossed, could open the gates to new lifetime highs. A sustained close above 2,930 can lead to further upward traction toward 3,000-3,100 in the short term. On the downside, any healthy pullback toward the 2,850 zone may offer an attractive buy-on-dips opportunity

In conclusion, based on the technical analysis and current market conditions, PRUDENT presents a promising buying opportunity for those aiming for a 3100 target, provided that appropriate risk management strategies are in place.

ARVIND FASHIONS

Buy ARVINDFASN in cash @ Rs 493.15, Stop-loss @ Rs 475, Target @ Rs 525

ARVINDFASN is currently positioned at 493.15 levels and witnessed a robust up move in yesterday's session. The stock opened on a positive note, made an intraday low of 460.40 and surged to a high of ₹499.80 before settling near the day's peak, indicating strong bullish sentiment throughout the day.

The stock decisively broke out of a consolidation range that lasted several weeks, breaching multiple resistance levels in a single session. It closed above all major moving averages reinforcing the bullish setup.

Over the past few weeks, ARVINDFASN had been trading in a narrow range between 450-480, showing base building behaviour. The breakout from this range, accompanied by strong volume and positive price action, indicates a possible trend reversal or start of a new bullish leg.

The stock has managed to cross the immediate resistance zone near 480-485, and if sustained above 495-500 zone in coming sessions, it could potentially head towards 520 and 525 levels. On the downside, 480 now becomes a crucial support area
Reinforcing the positive sentiment, the Relative Strength Index (RSI) comfortably rests at 60.37 levels. Investors may find opportunities in this upward trajectory, particularly on confirmation of a sustained breakthrough above the resistance level.

Based on the above technical analysis we recommend buying ARVINDFASN at CMP of 493.15 for a medium term outlook with a stop loss of 475 for targets of 525.

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.