Top 3 Stocks for Day Trading on 20 Oct 2025 (CBA)

1. NVIDIA (NVDA)‌

Price Action:

Closed at $183.22 (+0.78%) on Oct 17. Pre-market: $183.90 (+0.37%).

Support: $181.62 | Resistance: $183.62 (Oct 17 levels).

Key Levels for Oct 20:

Breakout: Above $184.10 (pre-market high).

Breakdown: Below $179.75 (intraday low).

Technical Indicators:

RSI: 72.5 (overbought).

MACD: Bullish crossover but losing momentum.

Volume: 173M shares (above 20-day average).

Short Volume Ratio: 7.88% (neutral sentiment).

Catalysts:

Bearish: U.S.-China chip trade tensions and sector-wide selloff in pre-market.

Bullish: Strong AI demand and TSMC's record earnings supporting chipmakers.

Trade Setup:

Entry: $184.10 (breakout above pre-market high).

TP: $186.00 (next resistance).

SL: $181.60 (below Oct 17 support).

Risk/Reward: 1:2.5.

2. Apple (AAPL)‌

Price Action:

Closed at $252.29 (+1.96%) on Oct 17. Pre-market: $253.20 (+0.36%).

Support: $247.27 | Resistance: $254.41.

52-Week High: $260.10 (potential upside).

Technical Indicators:

RSI: 68.3 (approaching overbought).

MACD: Bullish divergence.

Volume: 49M shares (neutral).

Short Volume Ratio: 13.4% (moderate bearish pressure).

Catalysts:

Bullish: AI infrastructure investments and bullish analyst ratings.

Risk: Broad tech selloff and profit-taking near all-time highs.

Trade Setup:

Entry: $254.40 (breakout above resistance).

TP: $258.00 (next psychological level).

SL: $247.20 (below Oct 17 low).

Risk/Reward: 1:2.

3. Microsoft (MSFT)‌

Price Action:

Closed at $513.58 (+0.39%) on Oct 17. Pre-market: $516.00 (+0.47%).

Support: $507.31 | Resistance: $513.79.

Technical Indicators:

RSI: 65.6 (neutral).

MACD: Steady bullish trend.

Volume: 19.87M shares (below average).

Short Volume Ratio: 8.39% (low bearish pressure).

Catalysts:

Bullish: Cloud/AI growth and Mizuho's raised price target to $640.

Risk: Sector-wide volatility and Oracle's competition in AI servers.

Trade Setup:

Entry: $515.50 (breakout above pre-market high).

TP: $520.00 (next resistance).

SL: $507.00 (below support).

Risk/Reward: 1:2.3.

Market Context & Risks:

Macro Risks: U.S.-China trade tensions, AI sector valuation concerns.

Sector Sentiment: Tech stocks face profit-taking after rallying on AI optimism.

Volume Correlation: NVDA and AAPL show strong volume-price alignment, supporting trend validity.