Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 18
Buy or sell stocks for today: Following strong global market sentiments after better-than-expected Chinese economic data, Indian stock market ended in green terriroty for third straight session. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals.
BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark. Nifty Bank index gained 230 points and closed at 46,231 levels.
Broad market indices rose less than the Nifty even as the advance decline ratio fell but remained above par at 1.26:1. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Dalal Street sentiments have further improved as small-cap and mid-cap stocks have once again started to participate in current rally.
Prabhudas Lilladher expert went on to add that Nifty is set to go up to 20,350 levels after making strong base at around 20,100 levels. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are Axis Bank, CIE Automotive India and eClerx.
On outlook for Nifty today, Vaishali Parekh said, "Nifty index continue to record new highs touching the 20,200 levels during the intraday session and is poised for further gains in the coming sessions with near term-target expected till 20,300 to 20,350 zone. The broader markets once again are regaining strength with significant participation visible from the mid-cap and small-cap counters supporting the index for further gains." "Bank Nifty has almost reached the all-time high zone of 46,370 levels and is expected to breach the same in the coming sessions with most of the banking stocks looking positive and has much
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