Intraday Stocks To Buy Today, 9th July: Top Picks By Sumeet Bagadia For Profitable Trading On Wednesday

The previous day's markets managed to finish only slightly in the green despite continuing their consolidation phase for still another session. The Nifty began the day flat and spent the majority of the day trading in a narrow range, but a spike in the last 30 minutes enabled the index to overcome the 25,500 barrier and settle at 25,522.50. The announcement of 25-40% tariffs on 14 countries by U.S. President Donald Trump caused worldwide unrest, although Indian equities markets began flat and mostly moved sideways during the day. The India VIX (Volatility Index) is now trading at 12.20 as of the most recent market session; a VIX below 15-20 is regarded as low. It indicates minimal anticipated swings and calm markets approximately 12 levels.

Nifty Outlook Today

"The index formed a bullish candlestick pattern with a higher high and higher low, signaling continuation of the consolidation with a positive bias for the third consecutive session. Going forward, we expect the Nifty to gradually move towards the immediate resistance at 25,600. A decisive breakout above this level could open further upside towards the 25,800 marks. However, failure to sustain above 25,600 may prolong the ongoing consolidation within the 25,600-25,330 range. Structurally, the broader trend remains positive, and the index is likely to trade within the 25,200-25,800 band in the near term. Key positional support is placed at 25,200-25,000, which coincides with the 20-day EMA and the upper edge of the prior consolidation zone (25,200-24,500). We maintain a buy-on-dips strategy as long as the index holds above this critical support area," commented the technical analysts of Bajaj Broking Research.

Bank Nifty Outlook Today

"Bank Nifty formed a bullish candlestick pattern with a higher high and higher low signaling consolidation with positive bias for the third session in a row. We expect the index to extend consolidation in the range 56,500-57,600 in the coming sessions. A move above 57,600 will open further upside towards 58,200-58,500 levels in the coming weeks. Key support is placed at 56,000-55,500 region, representing a confluence of key technical indicators - including the 50-day EMA and the 61.8% Fibonacci retracement of the recent rally (55149-57614). The broader trend remains positive, and any dips should be viewed as buying opportunities," commented the technical analysts of Bajaj Broking Research.

Stocks To Buy Today

Following US President Donald Trump's announcement of a new round of tariffs on 14 nations, Choice Broking executive director Sumeet Bagadia recommended purchasing two stocks on Wednesday, July 9.

Navin Fluorine International Limited

Buy NAVINFLUOR in Cash @ Rs 5040, Stop-loss @ Rs 4863, Target @ Rs 5242

NAVINFLUOR is currently trading at ₹5,040, continuing its strong upward trajectory marked by the consistent formation of higher highs and higher lows which is a classic sign of sustained bullish momentum. The stock recently recorded a new all-time high at ₹5,054 after breaking above the key resistance level of ₹5,000.

This breakout, supported by a strong green candle, indicates fresh buying interest and suggests the potential for continued rally.The bullish sentiment is further reinforced by the alignment of the 20, 50, 100, and 200-day Exponential Moving Averages (EMAs), all of which are trending upward.

The stock price remains well above all these EMAs, highlighting strong underlying strength and investor confidence. If NAVINFLUOR manages a sustained close above ₹5,100, it could trigger a quick move toward the next short-term target of ₹5,242.

On the downside, immediate support is placed at ₹4,970. The Relative Strength Index (RSI) is at 73.06 and rising, which reflects increasing buying momentum. To protect against any sudden reversals, a stop-loss can be maintained at ₹4,863.

In summary, considering the breakout, strong trend structure, and favorable technical indicators, NAVINFLUOR offers a promising buying opportunity. Traders looking to capitalize on the bullish move may consider entering positions with a target of ₹5,242, while maintaining proper risk management.

Delhivery

Buy DELHIVERY in Cash @ Rs 408.5, Stop-loss @ Rs 394, Target @ Rs 425

DELHIVERY is currently trading at ₹408.5 and is exhibiting strong signs of recovery, supported by a consistent pattern of higher highs and higher lows. The stock has formed bullish candlesticks for five consecutive sessions, reflecting sustained upward momentum and the potential for a long-term trend reversal. Rising trading volumes further validate this positive sentiment, indicating growing investor interest.

Technically, DELHIVERY is trading above all major Exponential Moving Averages (20, 50, 100, and 200-day), all of which are trending upward. This alignment signals strength across short-, medium-, and long-term timeframes and underscores robust underlying demand. The prevailing uptrend appears well-supported, enhancing the stock's bullish outlook.

The stock is approaching a critical resistance level at ₹411. A sustained breakout above this point could serve as a strong entry opportunity, with a near-term upside target of ₹425. On the downside, minor pullbacks may find support near ₹400. Traders may also consider entering at the current market price of ₹408.5, with a stop-loss placed at ₹394 to manage risk effectively.

While the technical structure is favorable, market participants are advised to maintain disciplined risk management to account for potential short-term volatility. In conclusion, DELHIVERY presents a promising setup for traders looking to capitalize on its ongoing bullish momentum.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns 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.