Buy or sell: Tech Mahindra to Asian Paints — Vaishali Parekh recommends three stocks to buy today — April 5
Buy or sell stocks: After showing a range-bound action in the last three sessions, the Indian stock market showed high volatility of up and down swings near new all-time highs on Thursday. The Nifty 50 index gained 80 points and ended at 22,514 level, the BSE Sensex shot up 350 points and finished at 74,227 mark whereas the Bank Nifty index surged 436 points and closed at 48,060 level.
The 50-stock index touched a new lifetime high of 22,619 as well. In the broad market, the small-cap index gained 0.54 percent while the mid-cap index went off 0.11 percent.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Indian stock market bias has gained further strength after the close of the Nifty 50 index above the 22,500 level. The Prabhudas Lilladher expert went on to add that the Nifty 50 index is looking all set to touch the immediate target of 22,800 level.
On stocks to buy today, Vaishali Parekh recommended three buy or sell stocks for today — Asian Paints, UPL, and Tech Mahindra. On the outlook for the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index finally managed to close above the 22,500 zone with bias maintained strong and the scope further upward move has much improved with next targets of 22,800 and 23,200 levels visible in the coming days.
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