Stocks To Buy Today, Nov 19: Top 2 Picks By Riyank Arora of Mehta Equities For Profitable Trading On Wednesday

While Nifty Bank completed the session at 58,899.25, down 0.11%, after touching a new all-time high of 59,103.65 before cooling off in the second half, Nifty wrapped up the previous session at 25,910.05, down 0.40%, as the index once again failed to stay above the 26,000 mark. With the India VIX climbing 2.61% to 12.09, volatility escalated somewhat as traders became more cautious. The US FOMC meeting minutes and jobs data on Thursday, as well as the US and India Manufacturing and Services PMI on Friday, are important forthcoming macro data that will be actively monitored for the direction of the market.

Nifty Outlook Today

"Immediate support for the index stands at 25,750-25,700, where buyers have consistently stepped in over the past week. As long as Nifty sustains above this zone, the broader trend remains resilient. On the upside, the index needs a decisive close above 26,100 to break out of the current supply zone and unlock the next leg of the rally toward the all-time high of 26,277.35," commented Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities.

Bank Nifty Outlook Today

"Immediate support is placed around 58,600-58,500, a zone where the index has repeatedly attracted buyers. On the higher side, the 59,000-59,100 cluster may continue to act as a ceiling, and only a sustained close above this zone would pave the way for the next leg of upside," commented Dhupesh Dhameja.

"Given the current setup, a slight pullback or mean reversion cannot be ruled out in the upcoming session, though the broader trend continues to favour the bulls as long as the index holds above the mentioned support zones," he further added.

Stocks To Buy Today

Technical analyst Riyank Arora of Mehta Equities Ltd. recommended buying two stocks on Wednesday, November 19, after the Nifty continued to trade comfortably above the Donchian Channel's middle band and stayed firmly positioned above the 9-EMA and 20-EMA, which indicates that the overall price structure is still in place.

Asian Paints

Buy | CMP: Rs 2,906.00 | SL: Rs 2,840 | Target: Rs 2,980 / Rs 3,050

Asian Paints is attempting to break out of a narrow consolidation range. The stock has strong support near ₹2,840 and is forming a constructive base. Momentum indicators show early signs of strength, with RSI gradually inching upward. A close above ₹2,930 can fuel a rally toward ₹2,980 and ₹3,050. Keep SL at ₹2,840.

Maruti Suzuki

Buy | CMP: Rs 15,930.00 | SL: Rs 15,600 | Target: Rs 16,350 / Rs 16,650

Maruti is trading in a robust uptrend, supported by strong demand at lower levels. The stock continues to form higher lows, reflecting sustained buying interest. RSI remains positive, confirming momentum strength. A push above ₹16,050 can open the path toward ₹16,350 and ₹16,650. Recommended SL at ₹15,600.

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