Buy or sell: Vaishali Parekh recommends three stocks to buy today — Sept 16

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Subscribe to enjoy similar stories. Buy or sell stocks: After witnessing a massive upside move on Thursday, the Indian stock market consolidated on Friday and closed lower. However, banking stocks witnessed a decent demand throughout the session.

Among the frontline indices, the Nifty 50 index lost 32 points and closed at the 25,356 mark, the BSE Sensex went off 71 points and closed at 82,890, whereas the Bank Nifty index added 165 points and finished at 51,938. In the broad market, the Small-cap index outshined the frontline indices after finishing higher by 0.95 per cent. The Mid-cap index ended 0.48 per cent higher.

Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the overall Indian stock market bias is positive and the Nifty 50 index may touch 25,900 and 26,300 soon. The Prabhudas Lilladher expert said that 25,200 is immediate crucial support for the 50-stock index. Bagadia added that today's Bank Nifty may trade in the 51,500 to 52,500 range.

Regarding stocks to buy today, Vaishali Parekh recommended buying these three shares: Apollo Tyres, Confidence Petroleum India, and IIFL Finance. On the outlook for Nifty today, Vaishali Parekh said, "The Nifty 50 index has indicated a strong positive move during the week with a higher low formation pattern on the daily chart. With the bias and sentiment maintained positive, it is anticipated to carry on with the positive move for the next targets of 25,900 and 26,300 in the coming days.