Buy or sell: Vaishali Parekh recommends three stocks to buy today — August 23
Buy or sell stocks today: The Indian domestic stock market index Nifty closed higher for the sixth consecutive session on Thursday, August 22. The index was fueled by the positive cues from global markets, closing 0.17 per cent higher at 24,811.50 points, compared to 24,770.20 points at the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.18 per cent higher at 81,053.19 points after Wednesday's session, compared to 80,905.30 points at the previous close.
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, says Nifty continues to gain strength and steadily reach the 24,800 zone. With the market sentiment maintained at a strong position, it is estimated to target the 25,000 zone. Parekh estimates the Nifty 50 Spot index to get support at 24,700 points and have a resistance at 25,000 points.
The Bank Nifty index would have a daily range of 50,600 to 51,500 today. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Tata Chemicals Ltd., Indian Hotels Co. Ltd., and Latent View Analytics Ltd.
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