Buy or sell stocks for today: After weak global sentiment, Dalal Street It remained at a low level for the second consecutive session on Thursday. Nifty 50 index closed 30 points lower at 18,052, BSE Sensex closed 69 points lower at 60,836 while Nifty Bank ended 151 points higher at 41,298. Among sectoral indices, the IT space has improved as it is following the Nasdaq index and the subsequent negative signals are not good for the near term.
Stock Market Today: Day Trading Strategy for Friday
Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher believes that the positive trend of the market is still intact. Vaishali Parekh of Prabhudas Lilladher said that both Nifty and Bank Nifty remain above their critical support and hence bulls are expected to kick in soon. On Today’s Intraday Stock, Vaishali Parekh has two shares to buy today and those two stocks are Shriram Transport Finance and Can Fin Homes.
On Today’s Trading Guide, Vaishali Parekh of Prabhudas Lilladher said, “Nifty saw the start of a volatile session on a weak note thus maintaining volatility between 18,000 and 18,100 levels for the rest of the session. Psychological zone of 18,000. Bank Nifty also opened near 40,800 level and ended the session with a decent recovery with gains of 151 points near 41,300 and maintained bias from 41,600 to 41,700, which is tough resistance for the time being serves as.
Vaishali Parekh further said that support for the day is seen at 17,950 while resistance is seen at 18,200 level. The daily range of Bank Nifty will be in the range of 40,900 to 41,800 levels.
stocks to buy today
As mentioned above, Prabhudas Lilladher’s Vaishali Parekh has recommended two stocks to buy today, here we list the details regarding Vaishali Parekh’s stock recommendations for Friday’s session:
1]Shriram Transport Finance: buy on 1240, target 1300, stop loss 1210; And
2]Can Fin Homes: buy on 521, target 550, stop loss 508.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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