Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 19

livemint.com:

Buy or sell stocks for today: After logging gains for seventh week in a row, Indian stock market ended lower on Monday. Nifty 50 index finished 38 points down at 21,418 levels, BSE Sensex corrected 168 points and closed at 71,315 mark while Bank Nifty corrected 275 points and finished at 47,867 levels. However, broad market outperformed key benchmark indices.

Small-cap index gained 0.48 per cent while mid-cap index added 0.28 per cent. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty 50 index has taken a breather and has halted near the 21,500 zone. Prabhudas Lilladher expert went on to add that Nifty today is facing resistance at 21,400 levels.

The technical expert went on to add that a decisive breach above 21,500 zone is necessary to carry on the momentum further ahead with next near-term target expected till 24,650 to 24,680 levels. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are Laurus Labs, Amara Raja Energy and CEAT. Speaking on Nifty 50 index, Vaishali Parekh said, "Nifty index after witnessing the decent spurt in the last 2 sessions has taken a breather and has halted near the 21,500 zone finding resistance and has got 21,400 levels as the near-term support for the day.