Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 20
Buy or sell stocks for today: After weak opening during morning deals, Indian stock market recovered from early losses and ended marginally higher on Tuesday. Nifty 50 index gained 34 points and ended at 21,453 levels, BSE Sensex surged 122 points and closed at 71,437 mark whereas Bank Nifty index added 3 points and closed at 47,870 levels.
Broad market indices like the BSE mid-cap index ended lower, thereby underperforming the key benchmark indices. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty 50 index is witnessing strong support at 21,300 to 21,280 zone.
Prabhudas Lilladher expert went on to add that 21,550 is working as good resistance for the 50-stock index. Vaishali Parekh of Prabhudas Lilladher further added that for the overall trend to improve, the indices of Nifty 50 and Bank Nifty would need to cross decisively the 21,500 zone and 48,200 level, respectively.
Also Read: Global Markets: US stock indices gain on hopes of Fed rate cut in 2024 On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those day trading stocks are GRSE, BLS and Castrol India. On outlook for Nifty 50 today, Vaishali Parekh said, "Nifty for the past 3 sessions has been hovering near the 21300–21500 levels, witnessing strong support near the 21300–21280 levels and closing above the 21400 zone, but not being able to breach those support levels.
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