Buy or sell: Vaishali Parekh recommends three stocks to buy today — 4th July
Buy or sell stocks for today: Indian stock market extended its rally for fourth straight session on Monday. All three key benchmark indices — Nifty, Sensex and Bank Nifty climbed to a new peak. NSE Nifty hit a new peak of 19,345 while BSE Sensex climbed to a new life-time high of 65,300 levels.
Bank Nifty index hit a new high of 45,353 mark. In broad market, small-cap index maintained its bull trend and hit new high of 32,884 while mid-cap index surged to a new all-time high of 28,938 levels. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that overall market trend is positive.
Prabhudas Lilladher expert went on to add that Nifty has ended above 19,300 levels and now the 50-stock index is poised for next levels of 19,700 to 19,800 mark. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three day trading stocks are Kalpataru Power, MGL and SAIL. On outlook for Nifty today, Vaishali Parekh said, "Nifty continued with the strong upward move for the 4th consecutive session breaching above the 19300 zone decisively and has the next target of around 19,700-19,800 levels in the coming days.
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