Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 28

livemint.com:

Buy or sell stocks for today: Last week, Indian stock market remained range-bound despite Nifty 50 index forming bullish candle on the weekly chart pattern. The 50-stock index went off 7 points and closed at 19,794 levels, BSE Sensex ended 47 points lower at 65,970 mark whereas Bank Nifty index gained 191 points and finished at 43,769 levels on Friday last week.

Broad market indices ended marginally higher even as the advance-decline ratio closed at 1.16:1. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty 50 index is facing hurdle at 19,800 to 19,850 zone.

Prabhudas Lilladher expert went on to add that the 50-stock index needs to breach this hurdle decisively for gresh uptrend and touch previous all-time high levels. On stocks to buy today, Vaishali Parekh recommended three stocks to buy today — Torrent Power, MRPL and Gabriel India.

Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy this week On outlook for Nifty 50 today, Vaishali Parekh said, "Nifty once again was gripped near the zone of 19800-19850 levels throughout the day as was witnessed in the last 5-6 sessions without any major directional move. As mentioned earlier, the index needs a decisive breach above the 19850 zone for a clear breakout and anticipate for further rise to retest the previous peak zone." Also Read: Dividend stocks: Talbros Automotive Components, Veeram Securities shares to trade ex-dividend today On outlook for Bank Nifty today, Prabhudas Lilladher expert added, "Bank Nifty witnessed some pullback since the last session from near the significant 200 period MA to touch 43,800 zone to slightly improve the bias.