Buy or sell: Vaishali Parekh recommends three stocks to buy today — 17th August
Buy or sell stocks for today: Logging sharp recovery from the morning losses, key benchmark indices Nifty and Sensex ended higher with marginal gains but Bank Nifty extended its losing spree for fifth straight session on Wednesday. NSE Nifty added 30 points and closed at 19,465 levels, BSE Sensex went up 137 points and ended at 65,539 mark.
However, Bank Nifty dipped 144 points and finished at 43,946 — below psychological 44,000 mark. Broad market indices rose more than the Nifty even as the advance decline ratio rose to 1.06:1.
Vaishali Parekh, Vice President — Research at Prabhudas Lilladher believes that the zone near 19,300 levels is proving to be an important and strong support levels for NSE Nifty. Prabhudas Lilladher expert went on to add that broader market is also supporting pull ack in benchmark indices.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are Power Grid Corporation, Texmaco Rail & Engineering or TEXRAIL and Tata Motors. On outlook for Nifty today, Vaishali Parekh said, "The Nifty index for the second consecutive session opened on a weak note near the 19300 zone and once again witnessed a decent pullback recovering to cross the 19,450 levels to erase the losses made in the morning session.
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