Buy or sell: Vaishali Parekh recommends three stocks to buy today — 20th July
Buy or sell stocks for today: Following strong global cues and Wall Street gains, Indian stock market ended higher for fifth straight session on Wednesday. NSE Nifty ended 83 points higher at 19,833 levels, BSE Sensex surged 302 points and closed at 67,097 mark while Bank Nifty index finished 258 points up at 45,669 levels.
Smaller stocks outperformed the larger brethren in Wednesday's session. Nifty Mid and small cap outperformed the Nifty with advance decline ratio on BSE ended at 1.41:1.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that positive market bias is still maintained. Anticipating further rise in Indian stock market, Prabhudas Lilladher said that Nifty has closed above 19,800 levels that signals next target for the 50-stock index is 20,000.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are Mahindra & Mahindra (M&M), REC and Indian Hotels Company. On outlook for Nifty today, Vaishali Parekh said, "Nifty extended the gains further ahead with the strong run continuing making new highs each day closing above the 19,800 zone with bias maintained strong and as said earlier, further rise anticipated for our next target of 20,000 in the coming sessions.
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