Intraday Trading Stocks Today: VLA Ambala Recommends 3 Stocks To Buy/Sell On 26th July

On the monthly expiry day, Nifty closed on a bullish note but failed to close above its previous day's closing level. In Thursday's session, Nifty saw a nearly 1% gap-down opening in intraday and formed a bullish candlestick pattern at the daily timeframe, exactly at its 20-day EMA, which acts as a dip buying opportunity in an uptrend. In the last session, many companies announced their quarterly results where Adani Green reported the highest growth of 79%. As a result, the company's stock was up nearly 6% intraday.

As per V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT), however, it was a mixed day in the market, sectors like Media, Energy, Pharma, Infrastructure, and Auto closed on a positive note while others ended on a negative note. In the auto sector, Tata Motors, the leading stock in this sector, rose more than 6% intraday. Meanwhile, gold futures fell more than 7% in three trading sessions after import duties on gold were reduced in the budget. Amid these, the volatility indicator, India VIX, surged 7.31%. The index is expected to cool down soon, creating fresh buying opportunities.

Market View for 26 July 2024, Friday

For the Nifty index, the key support levels for today's trading session will be between 24,350 and 25,230, whereas resistance will likely be between 24,480 and 24,580. On the other hand, the Bank Nifty Index could find key support between levels 50,670 and 50,520, and witness 51,050 and 51,500, acting as their major resistance points," VLA Ambala predicted.

Stocks to Checkout on 26 July 2024, Friday

On Friday, 26th July, VLA Ambala suggested 2 stocks to buy on a technical basis for short-term investors.

ADANIENSOL

• Trade Title: BTST
• Buy: Rs. 1020-1040
• Target: Rs. 1095/1230/1270/1320
• Stop Loss: Rs. 970
• Holding Period: 1-10 Days

JINDALSAW

• Trade Title: SWING
• Buy: Rs. 555-560
• Target: Rs. 570/585/610
• Stop Loss: Rs. 545
• Holding Period: 1-10 Days

Note: V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behaviour, 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.