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On August 25, the benchmark indices closed the day on a downtrend and various sectors experienced selling pressure. The Sensex witnessed a decline of 365.83 points or 0.56 percent, resting at 64,886.51. Nifty observed a drop of 120.90 points or 0.62 percent, settling at 19,265.80. Top gainers of the day were Bajaj Finserv, Asian Paints, Bajaj Finance, ONGC, and Bharti Airtel and the top losers were Dr Reddy’s Laboratories, Adani Ports, JSW Steel, Power Grid, and Larsen and Toubro.
All sectoral indices concluded the day in a negative zone, with capital goods, FMCG, PSU Bank, metal, realty, and power indices declining almost by 1 percent. The BSE Midcap index experienced a nearly 1 percent decline, while the Smallcap index observed a 0.2 percent decrease.
Day trading guide for Monday
On the outlook for Nifty, VLA Ambala – SEBI RA, Stock Market Today “At the higher timeframe Price is forming bearish Pattern (Head & Shoulder) and we are in the impulsive move of this downside movement. So, we should be very watchful before making any directional view. Price is trying to break its major support range. Some sectors are trying to be bullish while others are still under pressure with a mixed trend. On Monday 28th August, we can see Nifty to trade in the 19410 to 19080 range.
On the outlook for Bank Nifty, VLA Ambala, SEBI registered Analyst at Stock Market Today (SMT) said the bear’s strength was seen in the Banking index too. Bank nifty major support for Monday 28th should be at 43940,43665 and 44150 and resistances will be at 44350 & 44890. Understand its big range trading zone hence target and stop loss will be deep.
“Markets are eagerly waiting for Fed meeting results and the impact will be seen in next week’s overall market movement,” VLA Ambala remarked.
10 Best Shares To Buy On Monday
On intraday stocks for today, stock market experts – VLA Ambala (SEBI Registered Research Analyst)- recommended ten (10) stocks to buy today for Intraday and swing trading. 10 trending stocks for Monday.
Persistent Systems
Buy Persistent above 5120-5160 and the target for this will be at ₹5200 to 5700 with a stop loss of ₹5000. Persistence view is Positional or Swing trading.
”In the short-term, the trend is getting ready for fresh highs and risk is limited as it is trying to rest at previous resistance levels.
IRCTC
IRCTC looks good to buy above 657 to 660 and has a target expectation of 678 – 700 with a stop loss of 640.’Price is trading above its important EMAs”.
Umiya Tubes
Buy UNIYA above 6.80 and keep target expectations at 7.20 to 8 stop loss at a stop loss at 5.40.
RSWM
Buy RSWM at or above the 200 range and keep target expectation between 208 to 217 with stop loss at 188.
Sterling and Wilson Renewable Energy
Buy SOLAR above 375 with a stop loss of ₹354 and for targets of 380 to 400. The stock is trading to its 20 EMA today.
Navin Fluorine International
Buy NAVINFLUOR in the range of 4460 to 4490 and hold it for 4600 to 4750 in the very short term. Keep stop loss in consideration with a stop loss of ₹4420.
Manappuram Finance
Buy Manappuram at 142 for targets 147 to 155 support at its trading to its 20 days EMA so, keep strict Stop loss at 130. It’s trying to build a bottom near its previous breakout area, said VLA Ambala.
MTNL
It is taking support above its 200 days EMA at the daily timeframe and now it’s looking good to buy at 22 for targets 24 to 28 with stop loss at 18
ACC
Buy ACC near 1990 and hold it for a target ranging from 2030 to 2400. Keep ACC stop loss at 1915
Mphasis
Buy MPHASIS at 2350 to 2305 range and expect a target ranging from 2420 to 2780 with stop loss at 2210.
All of the recommendations are being provided by VLA Ambala, SEBI registered Analyst at Stock Market Today based on the price’s overall movement, previous behaviours and based on 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.
