Buy/Sell: 4 Swing Trading Stock Picks By VLA Ambala On Friday, 5th April

During the day, the Nifty benchmark index recorded a fresh all-time high, generating buzz in the stock market. However, the benchmark index also formed a 'Hanging Man' candlestick pattern at the top during the day's session. Judging by this current momentum and market development, I believe that in the next trading session, the index will find key support at the 22470 and 22390 levels and could face key resistance at 22650 and 22700, said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Market Outlook Today

For the Nifty index, the key support levels for the next trading session will be around 22470 and 22390 whereas resistance will likely be noticed at 22650 and 22700, commented the analyst.

Stocks To Buy Today

GAEL

• TRADE TITLE: INTRADAY
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 183 -185
• TARGET 1: Rs. 187
• TARGET 2: Rs. 190
• TIME PERIOD: INTRADAY
• STOP LOSS: Rs. 179

CAPACITE

• TRADE TITLE: BTST
• SCRIP NAME: CAPACITE
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 286 -288
• TARGET 1: Rs. 291
• TARGET 2: Rs. 294
• TARGET 2: Rs. 296
• TIME PERIOD: 1 Day
• STOP LOSS: Rs. 282

KAMOPAINTS

• TRADE TITLE:
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 184-193
• TARGET 1: Rs. 200
• TARGET 2: Rs. 210
• TARGET 3: Rs. 225
• TARGET 4: Rs. 240
• TARGET 5: Rs. 250
• TIME PERIOD: 50 Days
• STOP LOSS: Rs. 175

MOLDTKPAC

• TRADE TITLE:
• TRADE TYPE: BUY
• ENTRY PRICE RANGE: Rs. 830 to 855
• TARGET 1: Rs. 885
• TARGET 2: Rs. 1150
• TIME PERIOD: 7 months
• STOP LOSS: Rs. 790

Note: V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behavior, and technical analysis.

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.