Buy or sell stocks for today: Following weak global market cues, Indian stock market ended lower on third day in a row on Friday last week. Nifty 50 index fell 82 points and closed at 19,542 levels, 30-stock index BSE Sensex corrected 231 points and ended at 65,397 mark whereas Bank Nifty index finished 31 points lower at 43,723 levels.
In broad market, mid-cap index crashed over one per cent while small-cap index went down 0.76 per cent on last session of the week gone by. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Dalal Street sentiments have turned cautious.
However, Prabhudas Lilladher expert maintained that Nifty 50 index has managed to sustain above 19,500 levels. On stocks to buy today, Vaishali Parekh recommended three stocks to buy today — Bajaj Holdings, MTAR Technologies and New India Assurance.
Buy or sell: Sumeet Bagadia recommends three stocks to buy this week On outlook for Nifty today, Vaishali Parekh said, "Nifty once again witnessed a gap down opening with a weak intraday session with crucial support of 19,500 zone sustained as of now and is precariously placed with sentiment maintained with a cautious approach. The index holding on to 19,500 levels is very crucial and a breach below shall trigger for further intensified selling pressure." F&O Ban List: Indiabulls Housing Finance placed under futures & options ban for Oct 23 'Bank Nifty witnessed a narrow rangebound session hovering near the 43,700 to 43,800 zone for the last 2 sessions with the bias maintained little bit weak and has the near-term crucial support zone of 43,400 levels.
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