Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 15
Buy or sell stocks for today: Despite weak global cues, the Indian stock market extended its winning streak for the fourth straight session on Friday. Nifty 50 index finished at the 21,894 level after climbing to a new peak of 21,928. BSE Sensex ended at the 72,568 mark after hitting a new peak of 72,568.
The Nifty Bank index gained 271 points and closed at 47,709 level. Broad market indices rose less than the Nifty even as the focus remained on large-cap IT stocks, Bank stocks, and Reliance. The advance-decline ratio remained positive at 1.09:1.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the market mood has turned positive after a strong rally on Friday. Prabhudas Lilladher expert maintained that the Nifty 50 index has now potential to go up to the 22,300 level in the short term. She said that Nifty today has an immediate hurdle placed at 22,000 levels whereas the 50-stock index has crucial support placed at the 21,750 mark.
On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — BF Utilities, UCO Bank, and JK Tyre. Also Read: Dividend stock: Sukhjit Starch & Chemicals shares to trade ex-dividend today On the outlook for Nifty 50 today, Vaishali Parekh said, "Nifty opened on a strong note with a gap up and continued with the positive momentum as the day progressed on the back of strong move from IT giants Infosys and TCS to scale the 21,900 zone making new high once again. As mentioned earlier, the index has further upside potential of 22,300 levels with bias and sentiment remaining strong along with frontline stocks participating indicating strength and gaining momentum." "Bank Nifty witnessed some positive moves with ICICI Bank, SBI, and
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