Buy or Sell Stocks Today: Following strong global cues, Indian stock markets closed with gains for the fourth consecutive session on Tuesday. The Nifty 50 index closed 92 points higher at 23,557, while the BSE Sensex closed 308 points higher at 77,301. The Bank Nifty index closed 438 points higher at 50,440. Cash market volumes rose another 6 percent. 1.43 lakh crore. The small-cap index outperformed the frontline index, while the advance-decline ratio remained above 1:1 and settled at 1.22:1.
Vaishali Parekh shares to buy today
Vaishali Parekh, Vice President-Technical Research, Prabhudas Lilladher, believes that the Nifty 50 index has gained momentum in the last 4-5 sessions. Prabhudas Lilladher's expert said that the trend of the Indian stock market is positive and the Nifty is moving towards its near-term target of 23,800. She said that if it moves above 23,800, the 50-stock index can touch 24,500 in the short term.
With regard to stocks to buy today, Vaishali Parekh recommends buying these three buy-or-sell stocks: GNFC, IndusInd Bank, and Manappuram Finance.
stock market today
On Nifty outlook today, Vaishali Parekh said, “Nifty is holding above 23,200 zone, has made new highs in last 4-5 sessions after a gradual rise and is headed towards the next near term target of 23,800 with a bullish bias. With improving sentiments, the index is moving up gradually and crucial support is held near 23,200 zone while a decisive breach above 23,800 zone will propel it towards the next target of 24,500 in the coming days.”
“The Bank Nifty index has also gained gradually and once a decisive upside is confirmed above 51,000, the bias will be bullish for the next targets of 52,400 and 53,500 in the coming days, while support remains around 49,600 zone,” Parekh added.
Parekh further said that Nifty has immediate support at 23,400 today, while the resistance is at 23,700. The daily range of Bank Nifty will be 50,000 to 51,000.
Buy or Sell Stocks by Vaishali Parekh
1]GNFC: Buy 703.20, target 737, stop loss 688;
2]Indusind Bank: Buy 1508, target 1560, stop loss 1475; and
3]Manappuram Finance: Buy 191.75, target 201, stop loss 187.
Disclaimer: The views and recommendations expressed above are those of individual analysts, experts and broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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