Buy or sell stocks for today: On account of weak global cues, Indian stock market ended lower for fourth straight session on Friday last week. Nifty 50 index ended 68 points lower at 19,674 levels, BSE Sensex corrected 221 points and closed at 66,009 mark whereas Bank Nifty index finished 11 points lower at 44,612 levels.
Small-cap index ended marginally in the positive even as the advance decline ratio improved to 0.99:1. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Dalal Street sentiments have further weakened after Nifty 50 index closed below 19,700 levels on Friday.
Prabhudas Lilladher expert went on to add that Nifty today has now crucil support placed at 19,600 levels and on breaching this support, there can be more correction expected in the Indian stock market. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are RVNL, Bank of Baroda (BoB) and Schneider Electric.
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