Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 28
Buy or sell stocks for today: Domestic benchmark equity indices Sensex and Nifty 50, ended higher in the previous session amidst a choppy trading session led by gains in information technology (IT), auto, pharma, and realty stocks. The 30-share BSE Sensex ended higher by 305.09 points or 0.42 per cent at 73,095.22 level while the Nifty 50 closed at 22,198.35 level, up 76.30 points or 0.34 per cent.
On the broader market front, the Nifty Midcap 100 closed 0.12 per cent lower, and the Nifty SmallCap 100 closed 0.28 per cent higher. Also Read: Exicom Tele-Systems IPO: Planning to invest? 10 key risks you should know before subscribing to the issue Investors have been focusing on important US and domestic economic data.
The overall trend, according to analysts, is positive, with no negative developments anticipated for domestic markets and expectations that macroeconomic data points such as the gross domestic product (GDP) data will be in favour of markets and take markets to new highs in the coming days.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty 50's overall bias has sustained strong and the index is expected to carry on with positive move for next targets of 22,400 and 22,800 levels anticipated in the coming days. The Prabhudas Lilladher expert added that Bank Nifty's near-term support is maintained near the 50EMA level of 46,200 zone and the index would need to breach above the 47,300 band to trigger for fresh upward move.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today —CG Power & Industrial Solutions Ltd, Happiest Minds Technologies Ltd, and Castrol India Ltd. Also Read: NSE is now India's second-largest commodity platform… with an
. Read more on livemint.com
