Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 20

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Buy or sell stocks for today: Generally, the Indian stock market remains closed on Saturday and Sunday but on 20th January 2024, dealing on Dalal Street will take place from 9 AM to 3:30 PM. The decision has come ahead of the Ram Temple ‘Pran Pratishtha’ ceremony in Ayodhya on Monday, January 22. So, the stock market in India will remain closed on the following Sunday (21st January 2024) and Monday (22nd January 2024).

On Friday, positive global sentiments helped key benchmark indices of the Indian stock market to register a decent recovery. After losing for three straight sessions, the Nifty 50 index gained 160 points and closed at the 21,622 level, and the BSE Sensex shot up 496 points and closed at the 71,683 mark. However, the Bank Nifty index ended marginally lower at 45,701 level.

Also Read: World markets today: US stocks surge, led by semiconductor, megacap shares Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that market mood has improved after the decent pullback on Friday. However, Prabhudas Lilladher expert maintained that the overall trend would be better once the 50-stock index gives a decisive breach above the 21,750 zone. Vaishali said that the near-term support for the Nifty 50 index is maintained at 21,300 level.