Buy or sell stocks today: The Indian stock market The Sensex and Nifty 50 indices closed in the red after market close on Thursday as index heavyweights like Reliance Industries and Bharti Airtel Both benchmark indices closed lower on September 5 amid a lack of fresh catalysts and weak global cues.
The Nifty 50 index closed down 0.21 per cent at 25,145.10 points, compared with 25,198.70 points the previous day. market Closing. The BSE Sensex closed down 0.18 per cent at 82,201.16 points, down from 82,352.64 points on the previous day.
Vaishali Parekh Stocks to Buy Today
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher, says the Nifty witnessed gains in the morning session and has generally consolidated near the 25,150 zone with the bias still remaining cautious. positive As of now, Parekh estimates that the Nifty 50 Spot index will have support at 25,000 points and resistance at 25,300 points. The Bank Nifty index would have a daily range of 51,000 to 52,000 today.
Regarding stocks to buy today, Vaishali Parekh recommended three stocks to buy or sell: Exide Industries Limited., Indian Oil Corporation Ltd., and Kansai Nerolac Paints Limited.
The stock market today
For the perspective of the 50 elegant and the Nifty Bank Indexing, Vaishali Parekh said, “Nifty eroded the gains seen in the morning session and has been broadly consolidating near the 25,150 zone with the bias still remaining cautiously positive as of now.”
“The index would have crucial support at the 25,000 level and on the upside, it would need a decisive break above the 25,300 zone to establish conviction for a fresh bullish journey,” the stock market expert said.
“Bank Nifty, as mentioned earlier, has been underperforming and would need a decisive break above the 51,800 zone to trigger a fresh up-move to retest the previous high zone of 53,350 levels, while on the downside, the zone near the 50EMA level of 50,900 would remain the important support in the near term,” Parekh said.
Parekh said that the Nifty 50 for today has support at 25,000, while resistance lies at 25,300. The Bank Nifty index is expected to have a daily range of 51,000 to 52,000.
Buy or sell Vaishali Parekh shares
1. Exide Industries Ltd. (EXIDEIND): Buy in ₹495; Objective in ₹520; Stop Loss in ₹485.
2. Indian Oil Corporation Ltd. (IOC): Buy in ₹181; Objective in ₹186; Stop Loss in ₹177.
3. Kansai Nerolac Paints Ltd. (KANSAINER): Buy in ₹310; Target in ₹330; Stop Loss at ₹298.
Disclaimer: The opinions and recommendations expressed in this article are those of individual analysts and do not represent the views of Mint. We recommend investors consult certified experts before making any investment decisions.
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