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Buy or sell: Vaishali Parekh recommends 2 stocks to buy today — November 25

Buy or sell stocks for today: Following strong buying interest on Wall Street, major Indian indices closed at historic levels on Thursday. The 50-stock index Nifty closed at an all-time high, while the BSE Sensex and Nifty Bank index hit an all-time high on Thursday. NSE Nifty gained 216 points to reach a closing high of 18,484, while BSE Sensex rose 762 points to close at 62,272 after climbing to a new high of 62,412 levels. The Nifty Bank index shot up 346 points to close at 43,075 after a new high of 43,163.

Day trading guide to the stock market today

Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher believes that the Indian stock market has broken the sideways chain and is now on a strong upward trajectory. Prabhudas Lilladher’s Vaishali Parekh believes that the market sentiment is very optimistic and most of the major frontline stocks like HDFC twins, ICICI Bank, SBI, TCS, Infosys, M&M, L&T, Reliance and Bharti Airtel are in a strong zone with many upside potential visible on chart pattern. As for intraday stocks for today, Prabhudas Lilladher recommended two stocks to buy today and those two stocks are Tata Consumer and M&M.

Nifty has generally maintained a strong support zone near 18,000 levels and currently with a pattern of higher lows on the daily chart, has picked up momentum and is on track to retest the previous peak zone of 18,600 levels and with a Visible pattern of inverted head and shoulders formation on the daily chart suggests a bullish picture following the confirmation of a breakout of the neckline above the 18500 level,” said Parekh.

See also  Day trading guide for Tuesday: 5 stocks to buy today - August 16

Stocks under scrutiny

“We anticipate further upside with indicated strength with most of the major frontline stocks such as HDFC twins, ICICI Bank, SBI, TCS, Infosys, M&M, L&T, Reliance and Bharti Airtel entering a strong zone with many visible Upside potential that can carry the Nifty index to a new high. Support for the day is seen at 18350 while resistance is seen at 18650. Bank Nifty is said to have the daily range of 42600-43600 levels,” added Prabhudas Lilladher expert please.

Intraday stocks for today

As mentioned above, Vaishali Parekh of Prabhudas Lilladher has recommended buying 2 shares today. Here we list details related to those stocks:

1]Tata Consumer: Buy at 792, target 830, stop loss 777; and

2]M&M: Buy at 1254, target 1280, stop loss 1238.

disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. We recommend that investors consult certified experts before making investment decisions.


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