Buy or sell: Vaishali Parekh recommends three stocks to buy today — 19th July

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Nifty ended at 19,749.25, up 37.80 points, or 0.19%. The Midcap and Smallcap indices, however, underperformed the frontliners and ended in the red.

Also Read: Gift Nifty, Asian markets gain following rally in US stocks; check out key global cues for Indian stock market Vaishali Parekh, Vice President — Research at Prabhudas Lilladher said that Nifty witnessed resistance near the 19,800 zone after the two consecutive strong sessions and hovered within a range for the entire session closing near the 19,750 zone.  She believes the upside near term target for Nifty is maintained at around 19,900 - 20,000 levels in the coming days with major support intact near 19,300 levels, as said earlier. The support for the day, she said, for Nifty is seen at 19,600 - 19,550 levels while the resistance is seen at 19,900-19,950 levels.  For Bank Nifty, Parekh noted that the index continued with the strong move to touch the 45,900 zone but fizzled out to some extent to end near the 45,400 levels.  Also Read: Nifty predictions July 19: Index may face resistance at 19,850; uptrend in Bank Nifty likely to continue “The support is maintained strong near the 44,500 zone and with the overall bias maintained strong, we anticipate further rise with initial targets of 47,000 - 47,500 levels open in the coming days," Parekh said.  According to Parekh, Bank Nifty would have the daily range of 45,100 - 45,800 levels.

Support levels for Bank Nifty are 45,100 - 45050, while resistance is seen at 45,800 - 45,850 levels. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are Hero MotoCorp, IRCON International and Torrent Power.