Buy or sell shares for today: Despite ending flat in Friday’s session, the 50-stock index Nifty climbed to an eight-week high of 17,863, while Nifty Bank managed to hit a 12-week high of 42,603 in the previous week. In the broader market, the small-cap index gained 0.70 per cent in the last five trading sessions, while the mid-cap index gained 03.65 per cent in the last week.
Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher believes that Nifty has a strong support base near 17,550 to 17,570 levels today and breaking of this support could result in further weakness on Dalal Street. However, expert Prabhudas Lilladher said that Nifty breaking resistance of 17,750 to 17,800 zone could trigger a fresh swing to the upside. indian stock market, In day trade for today, Vaishali Parekh of Prabhudas Lilladher recommends three intraday stocks for today and those three stocks are VRL LogisticsMazagon Dock and Mahindra CIE Automotive,
On today’s outlook for Nifty, Vaishali Parekh said, “Nifty index continues to move in similar pattern for 4th consecutive session, resisting near 17,660 zone and close above 17,550 zone to see recovery closing above 17,550 zone.” Taking support near the level. The zone around 17,550 to 17,570 is maintained as a strong support base and on the upside, 17,750 to 17,800 levels are capped, requiring a decisive breakout.”
“Edge smelly Once again resisted near 42400 zone and held a good support near 42000 zone from where it has recovered and closed above several times. Parekh said, with the expected outcome of two major frontline banking stocks ICICI Bank and Axis Bank, the week could see volatility and expect a breach of key levels.
Vaishali Parekh said that support for the day is seen at 17,500 levels while resistance is seen at 17,750 levels. The daily range for Bank Nifty will be 41800-42600 levels.
stocks to buy today
As mentioned above, Vaishali Parekh has recommended three intraday stocks for today, here we list the complete details regarding them. day trading stocks for today,
1]VRL Logistics: buy on 644, target 670, stop loss 634;
2]Mazagon Dock: buy on 740, target 775 stop loss 725; And
3]Mahindra CIE Automotive: buy on 373, target 387, Stop Loss 367.
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.
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