VLA Ambala of SMT Recommends 4 Swing Trading Stocks To Buy Today, 26th Oct

Nifty had witnessed significant selling yesterday also and today is monthly expiry, hence a very crucial day. If Price fails to protect its 19000 levels, then we must be ready for more intense selling ahead, said VLA Ambala - SEBI Regd. RA and Co-founder of Stock Market Today.

Nifty closed at 19122 on Wednesday and today Intraday resistance levels are at 19178 / 19247 / 19332. These levels could be buying opportunities for those looking to sell on the rise. Possible intraday support points for Nifty50 are at 19074 / 19000 / 18877.

Today's nearest support levels for Bank Nifty are 42590 / 42299 / 41998. On the other hand, considering its overall movement, the major resistance levels for intraday trading are 43109 / 43395 / 43593.

Swing Trading Stocks To Buy Today

VLA Ambala, a SEBI Registered Research Analyst, has recommended five stocks for intraday and swing trading today:

Torrent Pharmaceuticals

Consider buying TORNTPHARM above the range of 1960 for a target range of 2040 to 2089, with a stop loss at 1815.

Dodla Dairy

Consider buying DODLA around 722, with a target range of 1600 to 1640 and a stop loss at 660. The price is trading above an important EMA, offering significant support.

Mahindra And Mahindra

Buy 1582 around 55 and hold for a mid-term target ranging from 60 to 80, with a stop loss at 1543.

Gopal Iron & Steels Co.(Gujarat)

Accumulate more GOPAIST in the range of 7 to 8 and hold for a short-term target of 9 to 15 as it is trading near its breakout range, with a stop loss at 5.50.

These recommendations are based on price movement, past behaviour, and technical analysis, as per VLA Ambala, a SEBI Registered Research Analyst.

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.