Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 16
Buy or sell stocks for today: On account of FIIs' buying and strong global market sentiments, Indian stock market ended highger on Wednesday. Nifty 50 index gained 231 points and closed at 19,675 levels, BSE Sensex shot up 742 points and ended at 65,675 mark whereas Bank Nifty finished 310 points higher at 44,201 levels. All the sectors ended the day in green with realty, IT, and auto being the outperformers.
A mixed trend was seen in the Broader markets where Smallcap outperformed while Midcap marginally underperformed. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Dalal Street bias has further improved as Nifty 50 index has breached the crucial hurdle placed at 19,550 levels. Prabhudas Lilladher expert went on to add that Nifty today is looking poised to hit 19,850 levels.
On how much time the 50-stock index would take to touch 19,850 levels, Vaishali Parekh said that much will depend upon how Nifty heavy weights Reliance Industries Ltd (RIL), Tata Consulatancy Services (TCS), Infosys, etc. performs in upcoming sessions. F&O Ban List: MCX, Delta Corp, ZEEL, 3 others placed under futures & options ban for Nov 16 On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — CG Power and Industrial Solutions, Garden Reach Shipbuilders & Enginers or GRSE and Texmaco Rail & Engineering or Texrail.
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