Buy or sell stocks today: On Monday, the Indian stock market’s upward trend continued for the sixth straight session, although the advent of intraday selling curtailed the early morning gains of three important benchmark indices: the Nifty, Bank Nifty, and Sensex. The 30-stock index Sensex closed 13 points higher at 59,846 while the 50-stock index Nifty ended 24 points higher at 17,624. Nifty Bank index, on the other hand, lost 206 points and finished Monday at the 40,834 mark. Even though the advance decrease ratio stayed above par at 1.13:1, the midcap index increased more than the Nifty.
trading plan for the day on Tuesday
According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the 17,700 level is a resistance level for the Nifty 50 index. Expert Prabhudas Lilladher stated that it is crucial for Nifty to close above 17,650 levels; else, a profit-booking trigger could cause Nifty to continue to decline today. The three intraday stocks that Vaishali Parekh suggested as stocks to buy today are Hindustan Aeronautics Ltd (HAL), Pidilite Industries, and VIP Industries.
Buy or sell stocks today: On Monday, the Indian stock market’s upward trend continued for the sixth straight session, although the advent of intraday selling curtailed the early morning gains of three important benchmark indices: the Nifty, Bank Nifty, and Sensex. The 30-stock index Sensex closed 13 points higher at 59,846 while the 50-stock index Nifty ended 24 points higher at 17,624. Nifty Bank index, on the other hand, lost 206 points and finished Monday at the 40,834 mark. Even though the advance decrease ratio stayed above par at 1.13:1, the midcap index increased more than the Nifty.
Trading plan for the day on Tuesday
According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the 17,700 level is a resistance level for the Nifty 50 index. Expert Prabhudas Lilladher stated that it is crucial for Nifty to close above 17,650 levels; else, a profit-booking trigger could cause Nifty to continue to decline today. The three intraday stocks that Vaishali Parekh suggested as stocks to buy today are Hindustan
1] Aeronautics Ltd (HAL), Pidilite Industries, and VIP Industries.
2] Buy Pidilite Industries at 2355, with a target price of 2460 and a stop loss of 2315; and
3] Buy at 601, aim at 622; stop loss at 590 for VIP Industries.
Disclaimer: Currency Veda does not endorse the opinions or suggestions expressed above by specific analysts or brokerage firms. Before making any financial decisions, we suggest investors to consult with licenced professionals.
