Swing Trading Stocks: VLA Ambala Recommends 6 Shares To Buy Today, Thursday

Despite the gap-down opening, benchmark index Nifty and Sensex both closed on a bullish note. Price tried to make a balance and support at its 50-day EMA after falling 6 days in a row. We had asked that the price has to reach its averages before the next move. Long-term investors should be active now and grab it. Stock-specific actions are being seen in the market. Still, there are possibilities that the price could trade in the 2% to 4% range this month. NIFTY both Index had traded in a small range and today it has all engulfed, said VLA Ambala.

India is handling its Geopolitical issues nicely. I see India as one of the most preferred available adoptions to invest in. It is advisable to remain vigilant and consider seizing the opportunity presented by the market dip", suggested VLA Ambala, a SEBI registered Analyst at Stock Market Today (SMT), regarding her perspective on the prevailing market trends and indices.

Amid the recovery mood, it was kind of another pause day. However, the sentiment remained bearish. Price is behaving exactly as we had explained in the past few days before. Now Nifty is trading very close to its 50-day EMA and it is important to sustain above this range otherwise price could fall more and vice versa", she added.

At NSE, Nifty50 has settled 51 points higher at the 19,714 level, while the S&P BSE Sensex was 173 points higher at the 66,118 level on Intraday on Wednesday.

Nifty50 has breached its 20 EMA and it is very close to its 50-Day EMA. Nifty has formed a Bearish candlestick at weekly time frame. Price could trade in the 1.65% to 4% range in the coming days.

Today's low is very crucial for the coming weeks. Hence watch it closely. NIFTY could see major support at 19600/19430 and resistance at 19735/10840.

However, Bank Nifty major resistance for today should be at 44650/44840/45000. Major support will be 44200/43940," She remarked further on key levels for Nifty and Bank Nifty for today.

Swing and Day trading stocks for today by VLA Ambala

On intraday and swing stocks for today, stock market experts - VLA Ambala (SEBI Registered Research Analyst)- recommended 6 stocks to buy today.

Bharat Electronics

BEL looks good to buy above 138 (range) and has a target expectation of 142 to 145 with a stop loss of 133.

Wipro

WIPRO looks good to buy in the 410 to 415 range and has a target expectation of 422 to 470 with a stop loss at 400.

Jyothy Labs

JYOTHYLAB looks good to buy in the 365 to 370 range and has a target expectation of 390 to 435 with a stop loss of 325.

Vedanta

Sell VEDL at 205 and hold it for 190 to 170 in a very short term. Keep stop-loss at 218.

Zee Entertainment Enterprises

Buy ZEEL near the 260 range and hold it for a target ranging from 270 to 310 in the mid-term. Keep its stop loss at 245.

Manappuram Finance

Buy MANAPPURAM near the 146 range and hold it for a target ranging from 152 to 170 in the mid-term. Keep its stop loss at 135.

"All of the recommendations are being provided here based on the price overall movement, previous behaviour and technical analysis"- said VLA Ambala (SEBI Regd. RA).

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.