Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 12

livemint.com:

Buy or sell stocks for today: Following strong global market sentiments ahead of the US inflation data release, the Indian stock market finished higher after trading range-bound throughout the Thursday session. The Nifty 50 index added 28 points and closed at the 21,647 level, the BSE Sensex went up 63 points and closed at the 71,721 mark while the Bank Nifty index ended 77 points higher at the 47,438 level.

Broad market indices rose more than the Nifty even as the advance-decline ratio rose to 1.65:1. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Nifty 50 index is facing resistance at 21,700 to 21,750 zone.

Prabhudas Lilladher expert went on to add that Nifty today is in the range of 21,450 to 21,750. She said that a bullish or bearish trend can be assumed on the breakage of either side of the range.

Also Read: BHEL, Delta Corp, Polycab, 10 other shares placed under F&O ban list On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — KRBL, RCF, and Godrej Consumer Products. On the outlook for Nifty 50 today, Vaishali Parekh said, "Nifty 50 has witnessed resistance zone near 21,700 to 21,750 levels and has seen some rangebound movement between the 21,750 and 21,450 zones for quite some time and would need a decisive breach on either side of the band to confirm a directional move in the coming days.