Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 28

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BSE Sensex ended 526.01 points, or 0.73%, higher at 72,996.31 on March 27. The broader markets ended mixed as the Nifty Smallcap 100 index gained 0.96%, while the Nifty Midcap 100 index settled flat with a positive bias.

Also Read: Midcap stocks to buy: GAIL, Lemon Tree Hotels, Varun Beverages among 12 stocks that can rise 14-37% in the next one year Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher said that the Nifty 50 index once again recovered from the 22,000 zone and extended the gains with improvement in the bias witnessed but still needs a decisive breach above the 22,300 levels, to establish conviction for further upward move. On stocks to buy today, Vaishali Parekh recommended three buy or sell stocks — Hindustan Copper, Titagarh Rail Systems and SAIL.

Also Read: Stock to buy: Bharat Electronics is Anand Rathi’s Value Pick; sees 25% upside potential On the outlook for the Nifty 50 today, Vaishali Parekh said, “The support as of now is maintained strong near the significant 50 EMA (Exponential Moving Average) level of 21,900 zone and being the monthly expiry, one can anticipate volatility in the market. The support for the day is seen at 22,000 level while the resistance would be seen at 22,300 levels." “Bank Nifty is witnessing a sideways movement between 46,200 and 47,000 zone with some of the heavyweights like HDFC Bank, Axis Bank and Kotak Bank indicating some improvement in their bias and anticipating for a decisive breach above 47,300 levels which can bring conviction for further rise.

Bank Nifty would have the daily range of 46,400 - 47,200 levels," Parekh added. According to her, the support for Bank Nifty is seen at the 46,400 level, and resistance is placed at the 47,200