Best stock to buy today & 10 best shares to buy today, Vaishali Parekh recommends three stocks to buy today
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Do study Risk Factors, given below.
Stock picks by Paresh Gordhandas,
C.A. & Research Analyst
For 11 September 2024
Shemaroo#
Buy at around Rs. 195 (Holding Period 4 to 6 Weeks)
Target Rs. 234
Stop Loss Rs. 181
Strictly adhere to Stop Loss
Above is not an Intraday Call.
Vaishali Parekh’s Intraday stock recommendations for today
for 11 September 2024
- CSB Bank: Buy CSB Bank at Rs.324 at a target price of Rs.350 with a stop loss Rs.312
Exicom Tele-Systems Ltd: Exicom Tele-Systems at Rs.427 at a target price of Rs.460 with a stop loss Rs.410.
3rd Exclusive call on Chanakya’s WhatsApp Channel
Stock Picks by Nilesh Kotak
For 11 September 2024
1] Linde India Buy CMP Rs. 7790
Buy above 7800
Stop Loss 7590
Target 1 Rs. 7925
Target 2 Rs 8090
Holding period: 9 to 12 trading sessions
2] APL ltd Buy CMP Rs. 1244
Buy above 1255
Stop Loss 1195
Target 1 Rs. 1285
Target 2 Rs 1300
Holding period: 9 to 12 trading sessions
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Stock Picks by Jainee Shah, C.A.
For 11 September 2024
Kanoria Chemicals: Buy at Rs.141
Target Rs.164
Stop Loss Rs.135
Holding Period: 4 to 6 weeks
Stock recommendations by Chandan Taparia
For 10 September 2024
IEX: Buy at ₹213 |
Target Price: ₹227 | Stop Loss: ₹206
Two more Call on Chanakya’s Whatsapp Channel
(Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not ChanakyaNiPothi.com. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly, and individual circumstances may vary.)
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10 best shares to buy today
# Calls given above should be executed at the opening bell to earn suggested gains * The stock market is highly uncertain and unpredictable. Overall correction of the market may affect Calls. * The Scrip is identified on the basis of our Technical (Chart) Analysis screener & Technical analysis tools. Target & Stoploss are also arrived with technical analysis tools. From fundamental angle, it may be highly overvalued. *Me or my Family or any of the firms/companies in which we have interests do not trade in the scrip. However, we may have long term investments, with less than 1% shareholding in the company. *Intraday calls are very risky, and it must be dealt very cautiously. We do not recommend dealing in Intraday calls.
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# Do Understand:
1) Strictly, follow stop loss. At times, overall fall in the market may change the picture.
2) Try to book profits nearer to target. Do not be greedy. You will get more chances to earn more profits.
3) Our Guidance is based on Technical Analysis & fundamental Analysis & updated every day by 8 in the morning.
Tutorial
WHAT IS INTRADAY TRADING?
The word ‘Intraday’ means ‘occuring within the course of one day’. This type of trading which involves the movement of equity, shares, stocks, index futures, index options, and any significant commodity within the same day, building upon the advantages of price moves throughout the day is known as Intraday Trading. Furthermore, intraday trading calls give the recommendations to either buy or sell a financial instrument (equity, shares, stocks, index futures, index options) after having a deep reflection on technical data points where the positions have to be inserted or deleted on the same trading day. Intraday is often used to call attention to the new highs and lows of a commodity up for trade. For example, ‘a new intraday high’ refers to a commodity that has reached a relatively new higher market value during a trading session. This can also be equal to the closing price for some cases.
Square off in Trading
Traders involved in intraday trading keep a close track of intraday price movement by making use of graphical representations and real-time charts in order to build a strategy and maximize their benefits during the short-lasting price fluctuations. A technique called the Square Off is majorly used by the intraday investors to reverse the position and book profit or loss.
Example of Intraday Trading
Consider an example where a trader buys 150 shares of Facebook Inc on some given date at Rs. 1500 around 10 am. The trader then sells these 150 shares on the same day at around 2:30 pm at Rs. 1530. In this situation, the trader is squaring off his position in the given trading session and is generating a profit of Rs. 30 per share. With a total of 150 shares, the trader has made a cumulative profit of Rs. 4500. This is a classic example of intraday trading. Just as a coin has two sides, Intraday Trading too has a lot of advantages and disadvantages associated with it.
ADVANTAGES OF INTRADAY TRADING Tips:
No overnight risk as the position is not affected by any negative news or events.
Flexibility to trade even with a limited capital base.
Provides an opportunity to work from anywhere at your comfort.
Allows you to utilize tight stop-loss orders
Meager brokerage with many brokers giving as low as one paise for intraday trading.
Perfect opportunity for traders to learn more and access leverages.
Disadvantages of Intraday Trading:
Having a practical approach and focusing on the damages that can be caused by Intraday trading is highly imperative to carry out a decent trade.
INCREASED DEGREE OF RISK
– As it is a short-term trading, the decisive abilities of the trader should be highly polished. Any wrong decision can lead to humungous losses within a span of seconds.
QUALITY AND QUANTITY
– Traders are generally inclined towards making more number of profitable transactions while the investors focus on the quality of the trade.
TIME CONSUMING
– Demands a lot of time and energy from the individual. The trader must not perform any other job or task simultaneously.
REQUIRES KNOWLEDGE
– Intraday Tips needs the trader to have some amount of knowledge about the various trading strategies and technicalities.
PATIENCE AND PERSEVERANCE&amp;lt;span style=”color: #000000;”&amp;gt; 10 best share to buy today<br />- Creating wealth through this trading requires a lot of waiting instead of indecisive buying-selling and requires strict attention along with mental strength to pull off an efficient trade.
Why we donot sugget Intraday calls and trading?
Lets study disadvantages of Intraday Trading:
Having a practical approach and focussing on the damages that can be caused by Intraday trading is highly imperative to carry out a decent trade.
INCREASED DEGREE OF RISK
As it is a short-term trading, the decisive abilities of the trader should be highly polished. Any wrong decision can lead to huge losses within a span of seconds.
QUALITY AND QUANTITY
Traders are generally inclined towards making more number of profitable transactions while the investors focus on the quality of the trade.
TIME CONSUMING
Demands a lot of time and energy from the individual. The trader must not perform any other job or task simultaneously.
REQUIRES KNOWLEDGE 10 best s to buy today
Intraday Trading needs the trader to have some amount of knowledge about the various trading strategies and technicalities.
PATIENCE AND PERSEVERANCE
Creating wealth through this trading requires a lot of waiting instead of indecisive buying-selling and requires strict attention along with mental strength to pull off an efficient trade.
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