Buy or sell stocks for today: On account of strong global cues, Dalal Street extended its rally for seventh straight session on Monday. NSE Nifty climbed to record 20,000 peak and climbed to a new life-time high of 20,008 levels. BSE Sensex reclaimed 67,000 levels and closed at 67,127 mark.
Bank Nifty index gained 414 points and closed at 45,570 levels. However, mid-cap index outperformed Nifty even as the advance decline ratio rose to 1.23:1. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty has touched 20,000 levels but the 50-stock index still has much potential for upside movement.
Prabhudas Lilladher expert said that Nifty today is near 20,000 levels and it may go up to 20,400 levels in near term. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are Manappuram Finance, RailTel and Power Grid. On outlook for Nifty today, Vaishali Parekh said, "Nifty witnessed a strong session to create history touching the psychological and important 20,000 landmark during the intraday session ending on a positive note with much upside potential visible from here on till 20,400 levels as the initial target.
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