Buy or sell: Vaishali Parekh recommends three stocks to buy today — 1st September

livemint.com:

Buy or sell stocks for today: After swinging between gains and losses for the entire session, Indian stock market finally ended lower on Thursday. NSE Nifty snapped its three days winning streak and finished 93 points lower at 19,253 whereas BSE Sensex dipped 255 points and closed at 64,831 levels. Bank Nifty index nosedived 243 points and ended at 43,989 mark.

In broad markets, bulls continue to dominate over bears. Small-cap index climbed to a new peak of 37,197 on Thursday and closed 0.79 per cent higher at 37,143 whereas mid-cap index went off 7 points and closed at 31,200 mark. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty today is standing at crucial support of 19,250.

Prabhudas Lilladher went on to add that market bias has turned weak as Nifty breached 50-EMA levels of 19,290. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are CIE Automotive India, Bajaj Electricals and Olectra Greentech. On outlook for Nifty today, Vaishali Parekh said, "Nifty opened on a flat note near 19,350 zone and slipped down gradually as the day progressed to move below the significant 50EMA level of 19,290 zone and ended near the crucial support zone of 19,250 levels with bias turning weak and overall maintaining a cautious approach.