Buy or sell stocks for today: After trading range-bound throughout the day, Indian stock market finally ended lower on Friday last week. Nifty 50 index lost 33 points and ended at 19,730 levels, BSE Sensex went down 187 points and closed at 65,794 mark while Nifty Bank index corrected 577 points and finished at 43,583 levels.
After remaining net buyers for two straight sessions, FIIs once again turned net net sellers on the previous session. Also Read: Dividend stocks: Anupam Rasayan, Aurobindo Pharma, Cochin Shipyard, 7 other shares to trade ex-dividend today Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty 50 is facing hurdle near 19,800 to 19,850 zone.
Prabhudas Lilladher expert went on to add that Nifty 50 index may go up to 20,000 to 20,200 levels on breaching this hurdle decisively. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — IRFC, McDowellm - N or United Spirits and Syngene International.
Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy this week On outlook for Nifty today, Vaishali Parekh said, "Nifty once again after opening on a flat note could not breach above the 19,800 zone finding resistance and gradually slipped further to end in the red near 19,750 levels with bias overall still maintained positive. The levels near 19,800 to 19,850 zone is a tough hurdle which needs to be breached to establish some conviction and proceed further for next higher targets of 20,000 to 20,200 levels." Also Read: F&O Ban List: India Cements, MCX, ZEEL, 5 others placed under futures & options ban for Nov 20 "Bank Nifty witnessed a plunge with bias turning weak, opening with a huge gap down and slipped further as the day. Read more on livemint.com