Intraday Stocks To Buy Today, May 13: Top Picks By Sumeet Bagadia For Profitable Trading On Tuesday

While Nifty Bank ended the session at 55,382.85, showing a solid gain of 3.34%, Nifty jumped 3.82% to close at 24,924.70, one of the highest single-day gains of the current year 2025. The India VIX fell 14.98% to close at 18.39, below the 20 mark. Although the market's anxiety level has fallen due to global tensions and geopolitical concerns, traders should remain vigilant and agile as the VIX remains over 15. As optimism grows on the easing of war tensions between India and Pakistan, the Nifty index is currently only just below the crucial psychological level of 25,000. Momentum-wise, the daily chart's Nifty RSI has risen over the 65 level, suggesting that the positive undertone is getting stronger.

Nifty Outlook Today

"With Nifty clocking its biggest intraday gain since Feb 2021 and cracking its major supply hurdle, sentiment has turned clearly bullish. A wave of call unwinding has been seen and FPIs flows have turned strongly positive. The overall market setup has shifted towards strength, indicating that bulls have regained firm control. As call writers shift higher and reduce exposure at current strikes, the bullish mood is becoming louder. Going ahead, 24,700 stands as a critical level to hold. A strong move above 25,000 could spark another surge toward 25,200-25,300. Conversely, a dip below 24,700 might invite some mild selling, but every drop toward 24,500 should be seen as an opportunity to re-enter longs. For now, the bulls are dictating the play," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"The breakout above the previous swing highs and the strong rally off the flag pattern shows that bulls are back in attack mode. The unwinding by call writers and growing activity among put writers shows that bears are slowly being pushed on the back foot. With the price now holding above key averages, the market tone has certainly turned optimistic. For now, 54,800 becomes a crucial reference level. A strong up-move past 55,500 could set fire to more short covering, which may catapult the index toward 56,000-56,200 in near-term. But if the index drops below 54,800, a short spell of profit-taking can't be ruled out-yet those dips may be ideal for long buildup. Bulls have seized the momentum, and as long as the index stays above 54,800-55,000 territory, buying-on-dips strategy remains valid," commented Dhupesh Dhameja.

Stocks To Buy Today

Sumeet Bagadia, executive director of Choice Broking, advised purchasing two stocks on Tuesday, May 13, in light of ongoing FII inflows as well as favorable geopolitical and economic developments.

Chalet Hotels

Buy CHALET in cash @ Rs 865, Stop-loss: Rs 835, Target: Rs 925

CHALET has shown signs of resilience in the recent trading sessions, consolidating around key moving averages. The stock is currently trading at ₹865, with a gain of 8.96% for the session. The chart indicates a steady upward movement after a period of correction, with the stock finding support around the ₹810-₹800 zone.

The presence of the 200-day EMA at ₹815 suggests a near-term support zone, while resistance can be seen around ₹885. The stock had recently witnessed a phase of consolidation, followed by a breakout attempt. Volume activity remains moderate, indicating that further confirmation of strength is needed for a sustained uptrend.

The recent bullish momentum suggests that if CHALET manages to stay above the ₹880-₹890 range, it could witness further upside, potentially testing the ₹925 mark. However, if selling pressure intensifies, the stock may retest its support levels. The Bollinger Bands suggest that volatility is gradually expanding, which could lead to a decisive move in the coming sessions.

The Relative Strength Index (RSI), a momentum indicator, is hovering around 62.91 levels. This RSI reading suggests that the stock possesses considerable strength and also It signifies a healthy and sustainable uptrend.

Based on the above analysis we recommend buying CHALET at CMP of 865 with a SL of 835 for the target of 925.

Syrma SGS Technology

Buy SYRMA in cash @ Rs 541.7, Stop-loss: Rs 520, Target: Rs 580

SYRMA showcases a strong bullish momentum, evident from a substantial upward movement and a significant closing around ₹541.7. The stock has been experiencing robust buying interest, and a consolidation breakout with strong volume, signalling bullish momentum and potential upside continuation.

Key technical indicators, particularly the Relative Strength Index (RSI), emphasize the stock's positive momentum. The RSI not only signals positive trends but also aligns with the stock trading above crucial moving averages, including the 20-day, 50-day, and 200-day Exponential Moving Averages (EMA). This convergence underscores the sustained strength in SYRMA price action.

The surge in volume associated with this upward price action also indicates strong interest and a potential continuation of the rally if the momentum sustains a bullish outlook for SYRMA. Traders and investors may find this analysis indicative of potential continued upward momentum in the stock.

Based on the above analysis we recommend buying SYRMA in cash at CMP of 541.7 for the target of 580 with a stop loss of 520.

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.