Buy or sell: Vaishali Parekh recommends three stocks to buy today — August 26
Buy or sell stocks today: The Indian domestic stock market index Nifty closed flat after Friday, August 23's trading session. The index closed 0.05 per cent higher at 24,823.15 points, compared to 24,811.50 points in its previous trading session. The domestic indices closed flat even though the major Asian and European markets were positive.
The Bombay Stock Exchange (BSE) Sensex closed 0.04 per cent higher at 81,086.21 points after Friday's session, compared to 81,053.19 points at the previous close. Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, says the Nifty witnessed a steady and gradual gain last week, finding resistance near the 24,850 zone. It continues to maintain a strong bias and sentiment, which is estimated to improve further in the coming days.
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 51,400 today. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: HBL Power Systems Ltd., GNA Axles Ltd., and Time Technoplast Ltd.
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