Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 23
Subscribe to enjoy similar stories. Buy or sell stocks today: Indian stock market indices Sensex and Nifty 50 surged over one per cent each to hit fresh record highs in the morning market session on Friday, September 20.
The Nifty 50 index closed 1.48 per cent higher at 25,790.95 points after Friday's trading session, compared to 25,415.80 points at the previous market close. The BSE Sensex closed 1.63 per cent higher at 84,544.31 points after Friday's session, compared to 83,184.80 points at the previous market close.
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, said that the Nifty indicated a big bullish candle after a short period of consolidation to gain strength, reaching an all-time high and breaching the 25,800 zone, with sentiments getting much better. Parekh estimates the Nifty 50 Spot index to get support at 25,650 points and face resistance at 26,000 points.
The Bank Nifty index will likely move in a range of 53,600 to 54,400 today. For today, Parekh recommended three buy-or-sell stocks: Havells India Ltd, Century Plyboards (I) Ltd, and Indegene Ltd.
On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, “Nifty indicated a big bullish candle after a short period of consolidation to gain strength scaling the all-time high and breaching the 25,800 zone with sentiment getting much better." “The index has almost reached the 25,900 level and with the frontline stocks gaining momentum, has much steam to achieve the next target of 26,300 level in the coming days," said the stock market expert. “Bank Nifty finally conquered above the previous peak of 53,357 zone, to hit the new high above 54,000 levels with upside potential visible and is anticipated to rise further
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