Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 26
Buy or sell stocks today: Following a rally in the banking stocks, the Indian stock market ended higher on Tuesday. Before ending at the 23,721 mark, the Nifty 50 index touched a new lifetime high for the 34th time in 2024.
The BSE Sensex shot up 712 points and ended at 78,053, whereas the Bank Nifty index skyrocketed 902 points and closed at 52,606. Cash market volumes on the NSE rose about 3 percent to ₹1.25 lakh crore.
Broad market indices ended marginally in the negative even as the advance-decline ratio fell to 0.80:1.Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes that the Nifty 50 index has given a breakout at 23,650, which has further improved the Indian stock market bias. The Prabhudas Lilladher expert said that by decisively breaching the 23,800 mark, the 50-stock Index might reach the next target of 24,500.
On stocks to buy today, Vaishali Parekh recommended buying three buy-or-sell stocks: Apollo Tyre, L&T Finance, and Arvind Fashions.On the outlook for Nifty today, Vaishali Parekh said, "Nifty has indicated a series of strong positive candles formation on the daily chart to breach above the resistance zone of 23,650 levels. With a breakout confirmed, it has strengthened the bias and sentiment to anticipate a further rise in the coming sessions.
Read more on livemint.com
