Buy or sell: Vaishali Parekh recommends three stocks to buy today — 12th July

livemint.com:

Buy or sell stocks today: Indian market will be dictated by the Q1 earnings of major IT firms like Tata Consultancy Services (TCS) and HCL Tech on Wednesday. The market's tone is expected to be positive, however, volatility may occur after the tech players' earnings as the IT industry is likely in for a lackluster first quarter for FY24. In the previous session, markets ended on a positive note, however, resistance was seen as Nifty failed to surpass the immediate hurdle at the record high.

Nevertheless, indices outperformed on a broader scale during the July 11th session. On Tuesday, Sensex ended at 65,617.84, up by 273.67 points or 0.42%. While Nifty 50 ended at 19,439.40 higher by 83.50 points or 0.43%.

Consumer durables, auto, healthcare, IT, capital goods, and oil & gas stocks were among the top gainers. While banking, metal, and financials were top laggards. Midcap and small-cap stocks gained traction as well.

Also, FIIs inflow continued for the tenth consecutive day on Tuesday to the tune of ₹1,197.38 crore in Indian stocks. However, DIIs showed dull demand with an outflow of a meager ₹7.25 crore. Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher said, "Nifty after the decent gains witnessed in the last 4 sessions was subjected to some volatility resisting near 19430 zone with some mixed trend overall to form a Doji candle on the daily chart but closed in the green gaining some odd 66 points.