Buy or sell: Cyient to Gujarat Alkalies — Vaishali Parekh recommends three stocks to buy today — April 4
Buy or sell stocks for today: On account of the US Fed Chair Jerome Powell's speech later in the day, the Indian stock market remained choppy on the entire Wednesday session. The Nifty 50 index went off 18 points and closed at the 22,434 level, the BSE Sensex shed 27 points and ended at the 73,876 mark while the Bank Nifty index gained 78 points and finished at the 47,624 level.
Cash market volumes on the NSE inched up to Rs.1.07 lakh crore. The broad market indices rose more than 0.5 percent even as the advance-decline ratio remained positive at 2.75:1.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Nifty 50 index is in the 22,350 to 22,500 zone and a decisive breach above the 22,500 levels shall trigger for fresh upward move. The Prabhudas Lilladher expert went on to add that on breaching the 22,500 hurdles, the 50-stock index may go up to 22,800 and 23,400 levels.
On stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommended three buy or sell stocks for today — Cyient, Gujarat Alkalies, and Finolex Cables. Also Read: Day trading stocks: Anand Rathi expert recommends three shares to buy today On the outlook for the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index once again was gripped between the tight range of 22,500 and 22,350 zones as it continued since the last 3 sessions with the bias and sentiment remaining positive.
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