Buy or sell: Vaishali Parekh recommends three stocks to buy today — 17th July
Buy or sell stocks for today: Following strong global market cues on ease in US Fed rate hike tension, Indian stock market finished higher on Friday last week. NSE Nifty went up 150 points and closed at 19,564 levels while BSE Sensex surged 502 points and closed at 66,060 mark. Bank Nifty index gained 154 points and finished at 44,819 levels.
However, broad market indices outperformed key benchmark indices of Dalal Street. Small-cap index shot up one per cent whereas mid-cap index went up 1.14 per cent in the previous session. Vaishali Parekh believes that Nifty closing above 19,550 is a good sign and now it is headed for upside target of 19.900 to 20,000 mark.
Prabhudas Lilladher expert went on to add that overall sentiment is positive and Nifty breaching the range-bound zone has further improved the secondary market bias. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are Hero MotoCorp, DCAL and Tata Consumer. On outlook for Nifty today, Vaishali Parekh said, "Nifty after a quite decent consolidation, finally breached above the range-bound zone to indicate a breakout to anticipate for fresh upward movement in the coming days with positive bias witnessed among the select frontline stocks.
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