Buy or sell: Vaishali Parekh recommends three stocks to buy today — 7th July
Buy or sell stocks for today: Despite weakness in global market sentiments, Indian stock market extended its upside movement for yet another session on Thursday. NSE Nifty and BSE Sensex hit a new life-time high on the previous session.
The 50-stock index Nifty climbed to a new peak of 19,512 whereas BSE Sensex hit a new record high of 65,832. Bank Nifty ascended 188 points and closed at 45,339 levels.
In broad market, both mid-cap and small-cap indices climbed to a new life-time high of 29,235 and 33,247 respectively. Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher believes that Nifty breaching 19,500 levels and closing close to days high has improved the positive sentiments further.
Prabhudas Lilladher expert went on to add that frontline stocks are showcasing further upside movement on chart pattern. On stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommended three intraday stocks for today and those three day trading stocks are Cochin Shipyard, Laurus Labs and RITES.
On outlook for Nifty today, Vaishali Parekh said, "Nifty after two sessions of consolidation maintaining the support near 19300 zone, has indicated a positive candle with bias once again getting better and sentiment wise has much improved anticipating for further rise with major frontline stocks once again showing strength to carry on the momentum further ahead. We maintain the near-term support zone near 19,300 levels whereas the upside target remains intact at 19,800 to 19,900 levels with the broader markets also continue to show active participation." "Bank Nifty also maintaining the support zone near 45,000 zone in the last 2-3 sessions, ended the day on a positive note with bias once again improving and
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