Stocks To Buy Today, Sept 10: Top Picks By Riyank Arora of Mehta Equities For Profitable Trading On Wednesday

As the index tried to regain ground following recent falls, Nifty completed the previous session at 24,868.60, up 0.39%, while Nifty Bank ended the day at 54,228.20, registering a slight rise of 0.05%. The India VIX plummeted 1.14% to 10.68, suggesting that volatility is waning. The subdued evaluation, which reflects cautious optimism as market players avoid aggressive hedging despite the index's lack of direction, suggests a period of stabilization rather than panic-driven activity.

Nifty Outlook Today

"Overall, Nifty remains confined in a sideways trajectory, with profit booking emerging at higher levels even as buyers defend critical support. The index is boxed between the psychological barrier of 25,000-coinciding with the 0.786 Fibonacci resistance-and the strong base of 24,500-24,400, aligned with the 20- and 50-DEMA cluster. The concentration of open interest at these zones further validates the range-bound setup, while RSI near 50 reaffirms the indecisive momentum," said Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"A sustained move above 24,900 could trigger meaningful short covering, paving the way for an extended up-move, whereas a breakdown below 24,500 may open the door to a fresh leg of bearish continuation. Until then, sideways action is likely to prevail, favouring a "range trading" approach with 24,400 as the floor and 24,900 as the ceiling," the analyst further added.

Bank Nifty Outlook Today

"Nifty Bank remains locked in a directionless phase, with profit booking emerging at higher levels even as buyers continue to defend key supports. The index is boxed between the psychological ceiling of 54,500-aligned with the 20-DEMA-and the strong floor of 53,500-53,400-anchored by the 200-DEMA. The heavy build-up of open interest at these zones further reinforces the prevailing sideways structure," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

"A sustained move above 54,500 could spark significant short covering, paving the way for a broader rally, while a slip below 53,900 might set off fresh bearish momentum. Until then, range-bound activity is likely to dominate, favouring a "range trading" strategy with 53,500 as the floor and 54,500 as the ceiling," Dhupesh Dhameja further stated.

Stocks To Buy Today

Technical analyst Riyank Arora of Mehta Equities Ltd. recommended purchasing the stocks listed below as of today, Wednesday, September 10.

Garuda Construction

Buy | CMP: Rs 210 | Stop-loss: Rs 198 | Target: Rs 225 / Rs 235

Garuda Construction has bounced from its support base and is showing renewed buying interest at lower levels. The stock is trading above key averages, while improving RSI signals strength in the near term. Sustaining above ₹210 can push the stock toward ₹225 and ₹235. Traders can look to enter fresh long positions at current levels, placing a stop-loss at ₹198 to manage risks.

Quick Heal

Buy | CMP: Rs 337 | Stop-loss: Rs 325 | Target: Rs 360 / Rs 375

Quick Heal is holding firm after a period of consolidation, with bullish momentum gradually building up. The stock has maintained levels above ₹330, supported by strong volume activity and a rising RSI, indicating continued strength. A sustained move above ₹337 can drive the price toward ₹360 and ₹375. Fresh long positions may be initiated with a stop-loss at ₹325 for downside protection.

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