Buy or sell: Vaishali Parekh recommends three stocks to buy today — October 27
Buy or sell stocks for today: Indian stock maket fell for the sixth consecutive session on Thursday even as a series of poor corporate results in the US cast a shadow on the global risk appetite already impacted by the conflict in the Middle East. Nifty 50 index lost 264 points and ended at 18,857 levels, BSE Sensex dipped 900 points and closed at 63,148 mark while Bank Nifty index corrected 551 points and finished at 42,280 levels.
Volumes on the NSE expanded, suggesting the amount of selling pressure matched by bottom fishing by bulls. Broad market indices fell less than the Nifty even as the advance decline ratio improved to 0.75:1.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty today has immediate support placed at 18,700 levels. Prabhudas Lilladher expert said that market mood is cautiously bearish as crucial support for Nifty 50 index has now shifted down towards 18,200 zone.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — Maharashtra Seamless, Religare Enterprises and Trent. On outlook for Nifty 50 today, Vaishali Parekh said, "Nifty has indicated “Three Black Crows" on the daily chart extending the slide further to touch the 18,850 zone achieving the initial downside target as mentioned earlier, with sentiment and bias maintained cautiously.
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