Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 29

livemint.com:

By or sell stocks for today: Despite strong Asian cues, the Indian stock market ended lower on Thursday. The Nifty 50 index lost 101 points and closed at the 21,352 level, the BSE Sensex shed 359 points and finished at the 70,700 mark while the Bank Nifty index ended 216 points lower at the 44,866 level.

Broad market indices fared better than the Nifty and the BSE Small-cap index ended in the positive even as the advance-decline ratio remained positive at 1.27:1. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Indian stock market may remain volatile till the Budget 2024.

The Prabhudas Lilladher expert went on to add that the Nifty 50 index is facing resistance at the 21,480 to 21,500 zone whereas it has crucial support placed at the 21,100 mark. Vaishali Parekh went on to add that the 50-stock index has two major hurdles at 21,500 and 21,750 and any fresh trend on Dalal Street can be assumed only after these hurdles are breached decisively.

Also Read: Goa Carbon, Accelya Solutions, 2 other stocks to trade ex-dividend today On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — SAIL, Canara Bank, and Hindustan Copper. On the outlook for the Nifty 50 today, Vaishali Parekh said, "Nifty after opening on a flat note found resistance near the 21,480 zone and slipped with profit booking seen in the morning session with the 21,500 levels acting as an important hurdle as of now.