Buy or sell: Vaishali Parekh recommends three stocks to buy today — 29th August
Buy or sell stocks for today: Following strong global market sentiments, Indian stock market snapped its two days losing streak and ended higher on Monday. NSE Nifty gained 40 points and closed at 19,306 levels, BSE Sensex went up 110 points and closed at 64,996 mark whereas Bank Nifty index shot up 263 points and ended at 44,494 levels.
Broad market indices rose more than the Nifty even as the advance decline ratio stayed above 1:1. Vaishali Parekh, Vice President — Research at Prabhudas Lilladher believes that Nifty has consolidated in 19,200 to 19,400 zone.
After pull back from near 19,230 levels, Prabhudas Lilladher expert believes that a decisive move past the 19,400 levels would once again strengthen the trend. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are GHCL, Navin Fluorine and Confidence Petroleum.
On outlook for Nifty today, Vaishali Parekh said, "Nifty, witnessing a decent pullback near the previous day's low level, which is around the 19,230 zone, closed above the 19,300 zone for the day and has now consolidated in the range of the 19,200 to 19,400 zone for quite some time. As said earlier, a decisive move past the 19,400 levels would once again strengthen the trend and carry on the momentum to the upside.
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