Buy or Sell: Vaishali Parekh recommends 3 stocks to buy today – February 15

intraday trading strategy

Vaishali Parekh of Prabhudas Lilladher is of the view that the Nifty remains above 17,800 level and has reached the crucial 18,000 level. Prabhudas Lilladher expert said that if the 50-stock index crosses this crucial 18,000 level then we can expect some more positive moves on Dalal Street. Parekh said frontline banks like ICICI Bank, Axis Bank, SBI and HDFC Bank are gaining momentum and helping the index move up. On stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommends three intraday stocks for today and those three stocks are RCF, Cochin Shipyard And Poonawalla Fincorp,

On today’s outlook for Nifty, Vaishali Parekh said, “Nifty corrected bias as it saw a good pullback to break 17800 area decisively and has reached the important landmark around 18000 level, which if violates will establish some conviction of a directional trend.”

focus on bank stocks

Vaishali Parekh of Prabhudas Lilladher further said that Bank Nifty has also shown positive growth with leading frontline banks like ICICI Bank, Axis Bank, SBI. HDFC The momentum is banking and helping the index move closer to 41,700 area and a decisive break above 41,800 level will strengthen the bias and trend to expect further upside in days to come.

“Once again, the daily trends of both Nifty and Bank Nifty have changed from cautious to positive outlook to bearish sentiment. Support for the day is seen at 17,800 while resistance is seen at 18,100. The daily in Bank Nifty will be Range of 41200-42100 levels, Parekh said.

stocks to buy today

As mentioned above, Vaishali Parekh of Prabhudas Lilladher has recommended three intraday stocks for today, here we list down the important details in this regard:

1]RCF: buy on 112, Lakshya 120, stop loss 109;

2]Cochin Shipyard: buy on 495, target 520, stop loss 488; And

3]Poonawalla Fincorp: buy on 312, target 328, stop loss 307.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.