Intraday Stocks To Buy Today, March 11: Top Picks By Anand James of Geojit Investments On Wednesday, March 11, 2026, the Sensex and Nifty opened with mixed performance, influenced by weak global market signals and volatility in crude oil prices. The Nifty fell 29.75 points to 24,231.85, while the Sensex rose 32.91 points to 78,238.91. Investors remain cautious, closely monitoring global trends and oil price fluctuations. Technical analyst Om Mehra of SAMCO Securities provided insights into the Nifty’s outlook. He noted that the index rebounded after testing the lower Bollinger Band near 24,126, which acted as a support level. The Nifty is now approaching the 0.236 Fibonacci retracement level at 24,322, which could serve as a key hurdle. A sustained move above this level might push the index toward the 24,400-24,450 range, where earlier support is expected to turn into resistance. Mehra also highlighted that the index remains below key moving averages, with the RSI near 34, indicating a recovery from oversold conditions. The MACD remains in negative territory, suggesting the corrective phase is not fully over. On the hourly chart, resistance is seen near 24,430, with potential for further gains toward 24,600 if this level is breached. Conversely, support remains at 24,100-24,000. For the Bank Nifty, Mehra observed a bullish candle formation and a rebound from the lower Bollinger Band. The index is approaching the 200-day moving average around 57,500, which could extend the recovery. However, the index continues to trade below key moving averages, indicating ongoing pressure on the broader trend. The RSI is near 33, showing a recovery from oversold levels, while the DMI signals a negative directional line remaining above the positive line, reinforcing the corrective phase.#nifty #geojit_investments #anand_james #om_mehra #samco_securities
