Buy or sell: Vaishali Parekh recommends three stocks to buy today — 27th July
Buy or sell stocks for today: After showing weakness in the last few sessions, Indian stock market shifted into an upside bounce with volatility on Wednesday and closed in green territory. NSE Nifty gained 97 points and closed at 19,778 levels, BSE Sensex surged 351 points and ended at 66,707 whereas Bank Nifty index added 217 points and finished at 46,062 mark.
Advancing shares outnumbered the declining shares as advance decline ratio stood at 1.17 on BSE, highest in last five days. Vaishali Parekh, Vice President — Research at Prabhudas Lilladher believes that pull back recovery on Wednesday has improved the market bias.
Prabhudas Lilladher went on to add that for Nifty hitting 20,000 levels, it's important for frontline stocks like RIL, ITC, L&T, Infosys and Kotak Bank, etc. to extend their respective rallies.
On stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommended three intraday stocks for today and those three day trading stocks are M&M Finance, BSE and RCF. On outlook for Nifty today, Vaishali Parekh said, "Nifty has indicated a higher bottom formation pattern on the daily chart with support taken near the important 19,600 zone, as mentioned earlier and with a pullback recovery witnessed has once again improved the bias to anticipate for further rise in the coming days.
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