Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 3
Buy or sell stocks today: The Indian stock market's benchmark index, Nifty 50, hit fresh record highs on Monday, September 2, marking its 13th consecutive day of the index closing in the green. The index closed 0.17 per cent higher at 25,278.70 points, up from 25,235.90 points in the previous session. The BSE Sensex closed 0.24 per cent higher at 82,559.84 points, compared to 82,365.77 points in the previous market close.
The domestic indices remained green and were fueled by index heavyweights such as ITC, Bajaj Finance, Infosys, Reliance, and HCL Tech. Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, says the Nifty witnessed a gradual rise and continued to hit new highs with a strong bias and sentiment. The index is expected to rise to the initial target of 25,600 levels in the coming days.
Parekh estimates the Nifty 50 Spot index to get support at 25,150 points and have a resistance at 25,400 points. The Bank Nifty index would have a daily range of 51,000 to 52,000 today. Regarding stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Apollo Tyres, Bank of Baroda, and Cummins India.
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