Buy or sell: Vaishali Parekh recommends three stocks to buy today — August 28
Buy or sell stocks for today: Following weak global market sentiments, Indian stock market ended lower on second day in a row on Friday. NSE Nifty corrected 120 points and finished at 19,265 levels, BSE Sensex ended 365 points lower at 64,886 mark whereas Bank Nifty index lost 264 points and closed at 44,231 levels.
In broad market, small-cap index went off 0.24 per cent whereas mid-cap index nosedived 0.85 per cent on previous session. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty today is standing at crucial 50 EMA support.
Prabhudas Lilladher expert went on to add that any decisive breach below 19,270 to 19,250 levels may further weaken the Indian stock market bias and the index may go down towards 18,900 to 18,800 zone once it breaches the 50 EMA support decisively. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are Schneider Electric, IOL Chemicals and Pharmaceuticals and Olectra Greentech.
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