Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 19
Buy or sell stocks for today: Following mixed and choppy trade in Asian markets, Indian stock market ended lower on Wednesday. Nifty 50 index went down 140 points and closed at 19,671 levels, BSE Sensex corrected 551 points and ended at 65,877 mark whereas Bank Nifty index finished 520 points lower at 43,888 levels.
Volumes on the NSE were a bit higher than recent average. Mid-cap index fell more than the Nifty even as the advance decline ratio fell sharply to 0.57:1.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Dalal Street bias has turned little weak after Nifty closed below 19,700 levels. Prabhudas Lilladher expert went on to add that Nifty has crucial support placed at 19,600 and breaching below this level can trigger intensified selling pressure.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — Cipla, Himatsingka Seide and Prestige Estates. Global markets today: Equities in US, Europe slip; oil prices rally on uncertainty over Middle East war On outlook for Nifty today, Vaishali Parekh said, "Nifty once again failed to move past the resistance levels of 19,850 zone and finally slipped in with heavy profit booking witnessed to slide below the 19,700 zone with bias turning weak and sentiment maintained with a cautious approach.
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