Buy or sell stocks for today: Indian stock market extended its sideways trend for yet another session on Wednesday. NSE Nifty snapped two days winning streak and ended 55 points lower at 19,384 levels. BSE Sensex shed 223 points and closed at 65,393 mark while Bank Nifty index lost 105 points and finished at 44,639 levels.
However, in broad market, small-cap and mid-cap indices continued to attract buying interest. Small-cap index finished 0.57 per cent higher while mid-cap index added 0.48 per cent on the previous session. Vaishali Parekh, Vice President — Research at Prabhudas Lilladher believes that Nifty is facing resistance at 19,500 levels while it has immediate support placed at 19,300 mark.
Prabhudas Lilladher experts went on to add that Bank Nifty continue to slide further HDFC Bank share price slipped in the final hour of Wednesday session. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are Zensar Technologies, Syngene International and VRL Logistics. On outlook for Nifty today, Vaishali Parekh or Prabhudas Lilladher said, "Nifty continue to hover near the peak zone for quite some time finding resisting near the 19,500 zone and has got the near-term support zone of 19,300 levels with select counters moving in rotation basis.
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