Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 4

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Buy or sell stocks for today: Following weakness in global market sentiments, Indian stock market extended the selling spree for second straight session on Wednesday. Nifty 50 index lost 148 points and closed at 21,517 levels, BSE Sensex crashed 535 points and closed at 71,356 mark whereas Nifty Bank index went off 56 points and finished at 47,704 levels.

Broad market indices closed in the positive even as the advance decline ratio closed higher at 1.26:1. Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher believes that Indian Dalal Street's bias has now turned cautious as Nifty 50 index has breached its crucial support placed at 21,550 levels.

Prabhudas Lilladher expert went on to add that major support for Nifty today is now placed at 21,270 mark. Parekh said that Nifty sustaining above 21,250 levels should be seen as a healthy sign for near term.

Also Read: Bajaj Auto board to consider share buyback on Monday; stock hits record high On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today - Man Industries, Crompton Greaves and RVNL. On outlook for Nifty 50 today, Vaishali Parekh said, "Nifty 50 index continued with the slide for another session eroding 150 points cooling off from the 21,800 levels with bias turning cautious and has the next crucial support zone of 21,270 levels which need to be sustained for the coming sessions.