Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 14

livemint.com:

Buy or sell stocks: Despite a gapdown opening, the Indian stock market demonstrated a significant recovery, closing higher on Monday. The Nifty 50 index concluded 48 points higher at 22,104, while the BSE Sensex ended 111 points higher at 72,776. The Bank Nifty index surged 333 points and settled at 47,754.

Notably, cash market volumes on the NSE escalated to ₹0.98 lakh crore. Although the small-cap index ended slightly lower and the advance-decline ratio fell to 0.70:1, the overall market recovery is a promising sign for potential trades. Vaishali Parekh, a seasoned Vice President of Technical Research at Prabhudas Lilladher, has a keen eye for market trends.

She believes the Nifty 50 index sustained near the previous bottom zone of 21,800. The Prabhudas Lilladher expert said that the Indian stock market sentiment has improved as the 50-stock index has closed above the 22,000 mark. Vaishali noted that the index may continue the uptrend and touch 22,250 soon.

Regarding stocks to buy today, Vaishali Parekh, with her wealth of experience, recommended three buy or sell stocks for today: NALCO, Coforge, and AB Capital. Also Read: Trade setup for stock market today: Eight stocks to buy or sell on Tuesday Looking at the technical indicators for Nifty today, Vaishali Parekh noted, "The Nifty 50 index has sustained near the previous bottom zone of the 21,800 levels, a key support level in technical analysis. It has also witnessed a strong recovery, breaching above the 22,000 zone and closing on a better note near 22,100 levels.