Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 29

livemint.com:

Buy or sell stocks for today: Following sell off in global markets, Dalal Street witnessed sharp correction ahead of the closing bell on Thursday session. Nifty 50 index finished 192 points lower at 19,523 levels, BSE Sensex corrected 610 points and ended at 65,508 mark whereas Bank Nifty lost 287 points and closed at 44,300 levels.

All the sectors entered in red with IT and FMCG being the biggest losers to the tune of almost 2 per cent. Mid-cap index fell more than the Nifty even as the advance decline ratio fell sharply to 0.62:1.

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty closing below 19,550 has once again turned the market tide towards the bears' side. Prabhudas Lilladher expert went on to add that if Nifty 50 continues to remain below 19,550 in early morning session on Friday, then crucial support for Nifty today will be around 19,250 levels.

On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are Power Grid Corporation of India, CIE India Automotive and Syngene. On Nifty 50 outlook, Vaishali Parekh said, "Nifty tanked heavily after opening on a positive note in the morning session resisting near 19,750 zone and as the day progressed breached below the significant 50EMA level of 19,550 to turn the bias once again weak indicating a “Bearish Engulfing Candle" on the daily chart.