Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 27
Buy or sell stocks for today: The Indian stock market extended its upside movement for the third straight session on Wednesday. The Nifty 50 index finished 147 points higher at 23,868, whereas the BSE Sensex shot up 620 points and closed at 78,674.
The Bank Nifty index ended 264 points higher at 52,870. In the broad market, the small-cap index scaled 0.15 percent higher, while the mid-cap index ended 0.29 percent lower.Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes that the Indian stock market mood has turned highly bullish as the Nifty 50 index has decisively breached above 23,800.
The Prabhudas Lilladher expert said that the 50-stock index is now heading for the next short-term target of 24,500 while the index has made a new baseline at 23,500.Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: GMR Infra, Snowman Logistics, and Biocon.On the outlook for Nifty today, Vaishali Parekh said, "Nifty has gained strength since the last three sessions to almost touch the 23,900 zone, breaching above our target of 23,800 levels. It is aiming for the next higher target of 24,500 levels in the coming days.
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