Intraday Stocks To Buy Today, July 28: Top Picks By Sumeet Bagadia For Profitable Trading On Monday

The Nifty, the domestic benchmark index, started the previous session gapping down, saw early selling pressure, and ultimately ended the day lower at 24,837. Strong selling pressure caused the Bank Nifty index, which had started the day higher, to close the session down on Friday at 56,529. As caution remained despite conflicting signs, the markets concluded the week down for the fourth straight week. Market volatility jumped as indicated by the India VIX volatility index, which jumped by 5.15% to 11.28. Beginning with the release of significant economic data, especially India's Industrial Production (IIP) data, which is due on July 28, the week (July 28-August 1, 2025) will be crucial because it is jam-packed with significant economic events.

Nifty Outlook Today

"Technically, on the daily chart, Nifty broke the key support of 24,880 and formed a big bearish candle, signalling weakness. As per this breakdown, the index may extend its decline toward the 24,500-24,460 zone, where the next major support is placed. Hence, short-term traders are advised to adopt a sell-on-bounce approach," commented Mr. Hrishikesh Yedve, AVP Technical and Derivative Research, Asit C. Mehta Investment Interrmediates Ltd.

Bank Nifty Outlook Today

"Technically, Bank Nifty breached its 50-DEMA support and formed a bearish candle on the daily chart, reflecting sustained selling at higher levels. Last week's low of Bank Nifty is placed near 56,200, which will now act as the next crucial support. Until the index decisively crosses 57,320, traders are advised to book profits on bounces and wait for a clear breakout for fresh upside momentum," Mr. Hrishikesh Yedve added.

Stocks To Buy Today

On Monday, July 28, Choice Broking executive director Sumeet Bagadia recommended buying two stocks amid cautious global sentiments and weak Q1 earnings.

Vimta Labs

Buy VIMTALABS in cash @ Rs 593, Stop-loss @ Rs 570, Target @ Rs 640

VIMTALABS is currently positioned at 593 levels witnessed a phenomenal breakout in today's session. The stock opened at ₹512.55 and surged to an intraday high of ₹598.65 before settling near the day's top - a clear signal of strong bullish momentum The stock had been consolidating in a broad sideways zone over the past couple of months, forming a base between 440 and 520. This consolidation phase was healthy.

The breakout above this range has been sharp and decisive, confirming the end of the consolidation and the beginning of a fresh upward leg. The current closing of VIMTALABS well above these key resistance-turned-support levels, confirming a strong bullish trend in the short to medium term. The 20-EMA has also just crossed above the 50-EMA, adding to the positive sentiment with a bullish crossover setup.

Given the momentum, VIMTALABS looks poised to test higher levels in the coming sessions. Any minor dips may find strong support near the 20 EMA, which can act as an accumulation zone for traders.

Reinforcing the positive sentiment, the Relative Strength Index (RSI) comfortably rests at 73.37 levels. Investors may a good opportunity for swing traders with a short-term target of ₹640+ in mind, and a strict stop-loss under 570.

Insecticides (India)

Buy INSECTICID in Cash @ Rs 1048, Stop-loss @ Rs 1010, Target @ Rs 1130

INSECTICID, is currently trading at 1048 has shown a reaffirming strong bullish sentiment. Recent price action indicates the stock gradually moved higher, forming higher highs and higher lows-a classic sign of a bullish reversal. The bullish alignment of EMAs confirms that the broader trend remains firmly positive, with the 20-day EMA now acting as immediate dynamic support.

Additionally, the breakout candle is supported by strong price action, closing near day's high, which typically implies follow-through buying may occur in coming sessions. This technical alignment suggests the potential beginning of a medium- to long-term uptrend. If this trend continues, INSECTICID could reach a short-term target of 1130.

On the downside, immediate support is located at 1025. The Relative Strength Index (RSI) is currently at 70.03 and trending upward, reflecting growing buying momentum. To manage risk effectively, a stop-loss at 1010 is suggested to guard against any unexpected market reversals.

In conclusion, based on the technical analysis and current market conditions, INSECTICID presents a promising buying opportunity for those aiming for a 1130 target, provided that appropriate risk management strategies are in place.

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.