Intraday Trading Stocks Today: VLA Ambala Recommends 3 Stocks To Buy/Sell On 25th July

During Wednesday's trading session, the market experienced selling pressure after the Union Budget 2024 announcement. The day was filled with mixed cues, with sectors like Media, Energy, Steel, IT, Pharma, Infrastructure, and Realty closing on a positive note, while FMCG, Consumer Goods, Private and PSU Banks, and the Financial Sectors ended with a loss. Despite this, Nifty managed to recover in the second half of the session, and with Thursday being the monthly expiry date, it is now near its 20-day EMA, with an immediate support of 24,380.

According to V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT), if the current support level gets supported in the next session, prices may sustain above 24,500, otherwise, trading pressure may prevail for at least 2-3 days. Meanwhile, the rupee is trading at an all-time high, which could be detrimental to the Indian economy. This is because while the GDP is experiencing growth, the purchasing power in the global market is declining. Amid these, the prices of food and daily necessities are expected to rise due to inflation and disruptive monsoon.

Market View For 25 July 2024, Thursday

"For the Nifty index, the key support levels for today's trading session will be between 24,350 and 24,120, whereas resistance will likely be between 24,530 and 24,600. On the other hand, the Bank Nifty Index could find key support between levels 51,200 and 50,750, and witness 51,650 and 51,800, acting as their major resistance points," predicted VLA Ambala.

Stocks to buy on 25 July 2024, Thursday

VLA Ambala has recommended the below intraday trading stocks to buy or sell on Thursday, 25th July based on technical analysis.

MONTECARLO

• Trade Title: Swing
• Buy: Rs. 695-700
• Target: Rs. 715-850
• Stop Loss: Rs. 685
• Holding Period: 3-20 Days

MCX

• Buy: Rs. 3950-4080
• Target: Rs. 3950-4300
• Stop Loss: Rs. 3850
• Holding Period: 2-6 Weeks

JPPOWER

• Buy: Rs. 18.80
• Target: Rs. 21-34
• Stop Loss: Rs. 15.50
• Holding Period: Rs. 2-5 Months

Note: V.L.A. Ambala emphasizes that these recommendations are based on price movement, past behaviour, 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.