Stocks To Buy Today: Intraday BUY/SELL Calls By Sumeet Bagadia On Monday, Nov-25

The Nifty had a bullish start on Friday, had a lot of buying activity over the day, and ended the day higher, closing close to 23,907 levels. The Bank Nifty had a good start to the day, saw a lot of buying activity, and ended the day at 51,135 levels. An increase in market volatility was indicated by the India Vix volatility index, which increased by 0.67% to 16.10. With the BSE Sensex rising 2000 points and the Nifty50 recovering more than 500 points, the major benchmark indices saw a notable recovery. Exit polls from the Maharashtra election also helped to boost market sentiment.

Nifty Outlook Today

"Nifty 50 ended the week with a positive candle on the weekly chart, rebounding after eight weeks of selling. The recovery came from the 200-day EMA, closing above 24,900. Strong resistance is seen at 24,100, a key level to watch. If buying momentum pushes the index above this, it could advance toward 24,500. On the downside, 23,700 acts as critical support, and a breach below this may drag the index to 23,400. Until Nifty sustains above 24,500, the prevailing bearish trend suggests a "sell on rise" strategy for traders, focusing on resistance and support zones for positioning," said Ms. Palka Arora Chopra, Director of Master Capital Services Ltd.

Bank Nifty Outlook Today

"Bank Nifty ended the week on a positive note, closing at weekly highs, driven by strong buying in PSU banks from lower levels. Immediate resistance is seen at 51,500, and a breakout above this could push the index toward 52,300. However, on the downside, a break below 50,800 may lead to further declines, with 50,200 as the next key support. Bank Nifty closing slightly above the 21-day EMA. Traders are advised to follow buying at lower levels coming week to align with the prevailing trend, focusing on resistance and support levels," Palka Arora Chopra added.

Stocks To Buy Today

On Monday, November 25, Choice Broking's executive director Sumeet Bagadia recommended buying two stocks in light of significant triggers such as the outcome of the state election, FII activity, and global geopolitical worries.

Coromandel International

Buy COROMANDEL in Cash @ 1806.45 SL @ 1740 TGT @ 1940

Coromandel is currently trading at Rs 1806.45, reflecting a robust bullish trend. The formation of a cup and handle pattern which is considered to be a widely recognized technical setup, indicates the likelihood of continued upward momentum. The stock has successfully broken above a key resistance level at Rs 1800, confirming a breakout and signaling potential for further gains. Reinforcing its bullish trajectory, Coromandel has achieved a new all-time high of Rs 1815, highlighting strong investor confidence and upward momentum. Should this positive trend persist, the stock is poised to achieve a short-term target of Rs 1940.

On the downside, immediate support is located at 1760. The Relative Strength Index (RSI) is currently at 64.93 and trending upward, reflecting growing buying momentum. To manage risk effectively, a stop-loss at 888 is suggested to guard against any unexpected market reversals.

In conclusion, based on the technical analysis and current market conditions, COROMANDEL presents a promising buying opportunity for those aiming for a 1940 target, provided that appropriate risk management strategies are in place.

Aditya Birla Sun Life Amc

Buy ABSLAMC in cash @ 843.7 SL 814 TGT 888

ABSLAMC daily chart analysis offers a favourable view for the following week, indicating a steady higher advance. Notably, the stock has produced a notable higher high and higher low pattern, and the company's recent upward swing has effectively violated the neckline, establishing a new week high. This breakthrough indicates the possibility of a significant follow-through upward increase in the stock price.

Adding to the positive momentum, there has been an increase in trading volume, indicating growing market interest. The stock formed a strong momentum moves signifying a potential continuation of the uptrend following and the daily strength indicator RSI (14) is moving upwards and positioned above its reference line indicating a positive bias. Furthermore, ABSLAMC is currently trading above its crucial 20-day, 50-day, and 100-day Exponential Moving Average (EMA) levels, reinforcing the bullish trend. Given the overall chart pattern, the analysis suggests a favourable long trading opportunity for investors.

Based on the above analysis we recommend buying ABSLAMC in cash at CMP of 843.7 for the target of 888 with a stop loss of 814.

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.