Stocks To Buy Today, Sept 9: Top Picks By Riyank Arora of Mehta Equities For Profitable Trading On Tuesday

After a day of volatility, Nifty completed the previous session at 24,773.15, up 0.13%, while Nifty Bank ended the day at 54,186.90, up 0.13%. India VIX settled at 10.84, keeping volatility subdued. Given the persistent worries about global trade tensions and investors' attention on the forthcoming Fed interest rate decision, the current Gift Nifty levels for Tuesday, September 9th, suggest that the Nifty will open around 37 points higher in today's trading session.

Nifty Outlook Today

"The index managed to hold above the 20-EMA, while the 50-SMA continues to act as a resistance zone. Sustaining above this zone will be crucial for unlocking further strength. On the downside, the 9-EMA, located around 24,660, serves as the immediate cushion, followed by broader support at 24,500. The RSI has inched up to 50, hovering near the neutral mark, while the MACD remains in negative territory, though its histogram shows a slight rebound from lower levels," said Om Mehra, Technical Research Analyst, SAMCO Securities.

"Overall, the Nifty index is oscillating within a wide band and appears to be in an accumulation phase. A close above 25,000 could pave the way for a sustained up-move, while supports near 24,660-24,500 continue to provide a short-term base," Om Mehra added.

Bank Nifty Outlook Today

"The index remains below short-term moving averages, with the 20-EMA acting as a stiff hurdle near 54,850. On the downside, support is intact at 53,700, with a further cushion at 53,500, which holds as a broader base. The RSI has recovered to 39, showing a rebound from oversold territory. In addition, Nifty Bank remains beneath the middle Bollinger Band, and sustaining above this level would be important to shift momentum to the higher side," commented Om Mehra.

"Overall, Nifty Bank is consolidating in a wide 53,700-54,800 band. A close above 54,550 would strengthen the short-term rebound. Nifty Private Bank remains on the back foot, while PSU banks may show some strength in the coming sessions," Om Mehra further added.

Stocks To Buy Today

Riyank Arora, a technical analyst at Mehta Equities Ltd., has recommended the below stocks to buy today, Tuesday, 9th September.

Concord Control Systems - CMP Rs 2426

Concord Control Systems is witnessing strong momentum, supported by its leadership in railway electronic equipment. The stock has key support near ₹2360, while resistance is seen around ₹2500-₹2550. Sustaining above ₹2426 will likely attract further buying interest, with RSI staying in the bullish zone. Volumes indicate accumulation on declines, reflecting investor confidence in long-term growth. A breakout above ₹2500 may open the path towards ₹2600. Traders may consider a buy-on-dips strategy with a stop loss below ₹2350.

Gem Aromatic - Buy | CMP: Rs 300 | SL: Rs 290 | Target: Rs 320 / Rs 335

Gem Aromatic is witnessing steady accumulation after a minor pullback, holding firm near ₹300. The stock is trading above short-term averages, with RSI showing upward momentum, which suggests continued strength. Sustaining above ₹300 can drive the stock toward ₹320 and ₹335. Traders may consider fresh buying opportunities while keeping a strict stop-loss at ₹290 to manage any downside risk effectively.

Parag Milk - Buy | CMP: Rs 268 | SL: Rs 260 | Target: Rs 285 / Rs 295

Parag Milk has rebounded strongly from its recent support zone and is trading comfortably above key moving averages. The price action indicates fresh buying interest, with volumes picking up and RSI pointing higher. A sustained move above ₹268 can take the stock toward ₹285 and ₹295. Traders may enter fresh long positions at current levels, maintaining a stop-loss at ₹260 to safeguard against volatility.

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