Buy or sell stocks for today: After weaker global market sentiment on better-than-expected US jobs data, Indian stock market Finished low on Monday. The Nifty 50 index ended down 30 points at 23,259, while the BSE Sensex fell 203 points at 76,490. The Bank Nifty index closed down 22 points at 49,780. Cash market volume on NSE is on the downside as excitement over the elections fades. Broader market indices ended positively, even as the forward drawdown ratio held steady at 1.92:1.

Vaishali Parekh stock to buy today.

Vaishali Parekh, Vice President – ​​Technical Research at Prabhudas Laladhar, believes that the overall trend on Dalal Street is positive. The Nifty 50 index held above 23,200 despite the profit booking stimulus on Monday. The 50-stock index is set to hit the nearest target of 23,800, while the Frontline index has formed a strong base at the 22,800 mark, said expert Prabhudas Leeladhar.

Also read: Trading setup for the stock market today: Five stocks to buy or sell on Tuesday

On Stocks to buy todayVaishali Parekh of Prabhudas Laladhar recommended buying all three. Buy or sell stocks. On Tuesday: UPL, Chambal Fertilizers, and SRF.

Stock market today

Commenting on Nifty’s outlook today, Vaishali Parekh said, “The Nifty 50 index once again gained strength and retested the previous peak zone to touch an all-time high, crossing the 23,400 zone. “After a brief consolidation period, the index’s next closest target in the coming days will be 23,800, with the 22,800 zone being maintained as a good support level from the current rate.”

“The Bank Nifty index is yet to retest the previous peak zone, and the resistance near the 50,250 zone has broken down, witnessing an end to profit booking near the 49,800 level. The index breached above the 51,000 level. will need to be done to trigger a fresh upside move and the key 50-EMA level of 48,300 zones is there,” Parekh said.

Parekh added that Nifty today has immediate support at 23,100 level while resistance is at 23,400 level. The daily range of Bank Nifty will be 49,300 to 50,400 levels.

Vaishali Parekh’s Stock Recommendations

1]UPL: Buy at ₹551.50, target ₹580, prevention of loss ₹540;

2]Chambal Fertilizer: Buy at ₹425.55, target ₹443, prevention of loss ₹416; And

3]SRF: Buy at ₹2354.65, target ₹2470, stop loss ₹2305.

abandonment: The above views and recommendations are those of individual analysts, experts and brokerage firms, and not of Minutes. We advise investors to consult certified experts before making any investment decision.