Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 2
Buy or sell stocks today: The Indian stock market index, Nifty 50, hit new record highs on Friday, August 30, continuing its path to the 12th successive day of closing in the green. After Friday's trading session, Nifty 50 closed 0.33 per cent higher at 25,235.90 points, compared to 25,151.95 points in the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.28 per cent higher at 82,365.77 points, compared to 82,134.61 points in the previous market close.
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, says the Nifty index witnessed consecutive gains, breaching its peak zone of 25,078 level to reach an all-time high. The index is expected to rise further with strong bias and sentiment. Parekh estimates the Nifty 50 Spot index to get support at 25,100 points and have a resistance at 25,400 points.
The Bank Nifty index would have a daily range of 51,000 to 51,800 today. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Gas Authority of India Ltd. (GAIL), HFCL Limited, and NHPC Limited.
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