Intraday Stocks To Buy Today, June 27: Top Picks By Sumeet Bagadia For Profitable Trading On Friday

The Nifty closed strongly above the 25,500 level, indicating a favourable outlook, and ended the previous session at 25,549, up 1.21%. The index is still trading above all of the key short-term moving averages. At 57,206.70 at the end of the day, Nifty Bank had gained 1.03% and reached a new 52-week high. The index continues to trade comfortably above all key moving averages, including 50-day SMAs. The India VIX dropped another 2.87% to settle at 12.59, continuing its negative trajectory. Its continued presence below the 15-mark indicates a quiet, steady market situation. This environment of low volatility suggests less nervousness and more investor confidence, both of which are favourable for a continuous upward trajectory.

Nifty Outlook Today

"The index has shown a convincing breakout from its prior consolidation phase, unlocking fresh upside potential. The clear handover of resistance zones to support levels and the upward shift of short-sellers further reinforce a bullish backdrop. As the index has closed strongly on monthly expiry, strong rollovers towards the July series can be seen," said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"With the index trading comfortably above its short-term moving averages and RSI crossing above the 65 threshold, the strength of this momentum is well-supported by technical indicators. Going forward, the former resistance zone of 25,200-25,300 will now serve as immediate support. On the upside, 25,750 becomes the next critical resistance to watch. With the VIX trending lower and a strong tilt in structure is in favour of the bulls. Every dip near the psychological level of 25,000 is expected to attract strong buying interest," Dhupesh Dhameja added.

Bank Nifty Outlook Today

"Index's breakout into record territory, accompanied by simultaneous breakouts in heavyweight banking names, has amplified the bullish tempo. The clearing of supply at the previous ATH, along with the upward repositioning of short sellers, highlights growing confidence in the uptrend. As the index has closed strongly on monthly expiry, strong rollovers towards July series are expected," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"Technically, the index remains well-placed above key short-term moving averages, and with RSI crossing above the 65 level, the strength in momentum is further validated. The 56,800-57,000 zone will now serve as the immediate support, while resistance on the upside is seen near 57,950. With the index having stepped into uncharted territory and underlying strength improving, every dip toward major support levels-especially near 56,500-is likely to witness fresh buying interest, keeping the broader bias firmly bullish," Dhupesh Dhameja further added.

Stocks To Buy Today

On Friday, June 27, Choice Broking's executive director, Sumeet Bagadia, recommended buying two stocks after the Nifty hit 25549, the highest level since October 1, 2024.

Dalmia Bharat

Buy DALBHARAT in Cash @ Rs 2191.8, Stop-loss @ Rs 2111, Target @ Rs 2323

DALBHARAT, is currently trading at 2191.8 has shown a remarkable breakout in recent sessions, surging to a fresh multi-month high of ₹2196.4 on the daily chart, supported by its consistent position above key exponential moving averages (EMAs). Recent price action indicates the stock gradually moved higher, forming higher highs and higher lows-a classic sign of a bullish reversal., with the stock maintaining levels near the 20-Day EMA.

The reclaim of the 20-day EMA is especially noteworthy, as it often signifies a shift from bearish to bullish sentiment. This technical alignment suggests the potential beginning of a medium- to long-term uptrend. If this trend continues, DALBHARAT could reach a short-term target of 2323.

On the downside, immediate support is located at 2150. The Relative Strength Index (RSI) is currently at 67.03 and trending upward, reflecting growing buying momentum. To manage risk effectively, a stop-loss at 2111 is suggested to guard against any unexpected market reversals.

In conclusion, based on the technical analysis and current market conditions, DALBHARAT presents a promising buying opportunity for those aiming for a 2323 target, provided that appropriate risk management strategies are in place.

Apar Industries

Buy APARINDS in cash @ Rs 8672, Stop-loss: Rs 8333, Target: Rs 9250

APARINDS showcases a strong bullish momentum, the stock has now broken out of a long consolidation phase and is displaying strong price structure, firmly above all key exponential moving averages. The stock formed a bullish candle with a wide trading range and closed near the higher end, suggesting strong intraday demand.

APARINDS had been trading sideways between ₹7700-₹8300 for a month before staging a powerful breakout. Since then, the stock has seen continuous higher highs and higher lows formation - a classic bullish price action.

Momentum oscillators like RSI and MACD are likely in bullish zones given the sharp rally and volume behaviour. Price is riding the upper Bollinger Band, reflecting strong trend intensity and characteristics of a sustained uptrend. Traders and investors may find this analysis indicative of potential continued upward momentum in the stock.

Based on the above analysis we recommend buying APARINDS in cash at CMP of 8672 for the target of 9250 with a stop loss of 8333.

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.