Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 22

livemint.com:

Buy or sell stocks for today: After worst sell off in last 10 months, Indian stock market bounced back and ended higher on Thursday. Nifty 50 index ggained 104 points and closed at 21,255 levels, BSE Sensex shot up 358 points and ended at 70,865 mark whereas Bank Nifty index finished 394 points higher at 47,840 levels.

Broad market indices rose more than the Nifty 50 index even as the advance decline ratio rose sharply to 3.66:1. Vaishali Parekh, Vice President — technical Research at Prabhudas Lilladher believes that Dalal Street sentiments are in better position after decent recovery on Thursday session.

However, Prabhudas Lilladher expert maintained that Nifty 50 index has to breach 21,500 levels decisively for further improvement of the market bias. Vaishali went on to add that Bank Nifty needs to breach 48,200 decisively for fresh momentum in frontline banking stocks.

Also Read: Shares of K Lakshmi Roller, R Systems, Sarthak Metals to trade ex-dividend today On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — KPIT Technologies, Himatsingka Seide and Lemon Tree. On outlook for Nifty today, Vaishali Parekh said, "Nifty witnessed a gap down opening near 21,000 zone and thereafter gradually gained momentum as the day progressed to make a decent recovery from the previous day’s loss and closed on a quite positive note near 21,250 levels with sentiment in a much better position.