Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 13

livemint.com:

Buy or sell stocks for today: Key benchmark indices of the Indian stock market ended higher for sixth straight Muhurat trading session on Sunday. Nifty 50 index gained 100 points and closed at 19,525 levels, BSE Sensex shot up 354 points and finished at 65,259 mark whereas Bank Nifty index ended 176 points higher at 43,996 levels.

Small-cap index surged 1.14 per cent while mid-cap index 0.67 per cent. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that market mood has improved after Nifty gaining an additional 100 points after consilating in 19,400 to 19,450 zone.

However, Prabhudas Lilladher expert maintained that a decisive breach above the 19500-19550 zone is necessary to establish 'bullish' momemtum on Dalal Street. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — NTPC, Jindal Steel and Escorts.

On outlook for Nifty today, Vaishali Parekh said, "Nifty after opening with a gap down on Friday last week, recovered to breach above the 19,400 zone and ended in the green on Danteras day, once again consolidating near the 19,400 to 19,450 zone for quite some time. As mentioned earlier, a decisive breach above the 19,500 to 19,550 zone is necessary to establish conviction and carry on the momentum further ahead with 19,200 to 19,250 acting as a good support zone from current levels." "Bank Nifty also witnessing a rangebound session for quite some time hovering between 43,950 and 43,500 levels and would need a decisive breach above the important 200 period MA level of 44,000 zone to establish some conviction.