Stocks To Buy Today: 3 Technical Trade Calls On 22nd Dec Friday By VLA Ambala

The predominant trend in the market is bullish, signalling preparations for another significant upward movement. Pullbacks are part of the price behaviours. Stock markets experienced an upward trend ahead of the release of FOMC minutes, with benchmark indices showing gains. On December 21, US Treasury yields dipped below 4.5 per cent around mid-day.

The Nifty and Sensex, mirroring the positive sentiment in the US markets, traded higher. Investors worldwide eagerly awaited the FOMC minutes from the recent monetary policy meeting to gain insights into the future outlook for interest rates. Stay invested with cautiousness for a few days and invest in parts of your view from short-term to mid-term.

Looking at today's projections, key support levels for Nifty are expected at 21150 and 21000, while major resistance points are identified at 21290 and 21410. Stay invested in good stocks to ride this movement. Close monitoring is advised as Nifty is anticipated to approach 21500 soon mostly in this Dec 2023" said V.L.A. Ambala, a SEBI Registered Research Analyst and Co-Founder of Stock Market Today (SMT)

Stocks To Buy Today

VLA Ambala has offered intraday and swing trading advice for 3 stocks as a SEBI Registered Research Analyst on Friday, 22nd December.

Sikko Industries

Buy above 88.50 and the target could be expected in the range of 92 to 120, setting a stop loss at 74.

Cyient

Trading above its important levels and EMAs, indicating a positive bias. Consider buying in the range of 2330 for short to mid-term gains between 2400 and 2650. Place a stop loss at 2140.

Kirloskar Oil Engines

Trading nearly at 650 and looking suitable for buying now and holding for a mid-term target ranging from 680 to 800, with a stop loss at 620. Exercise caution due to its current oversold status.

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