Buy or sell stocks for today: Indian stock market ended higher on Friday following strong global cues. Nifty 50 hit a new high of 21,006 before closing at 20,969 after six straight weeks of gains. BSE Sensex gained 303 points and closed at 69,825 levels, while Bank Nifty index shot up 420 points and ended at 47,262 mark.
Intraday trading tips for Monday
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, is optimistic about the overall stock market trend. However, Parekh suggests that the Nifty 50 index must close above the 21,100 hurdle to maintain the bull trend. If it does, Parekh predicts the index may rise to 21,900 levels.
Buy or sell stocks for today :
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, recommends Bharat Forge, Infosys, and Century Plyboards as intraday stocks for today.
Stock market today:
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes a decisive breach above 21,000 levels is needed to maintain the uptrend for Nifty 50. The next higher targets are 21,800 to 21,900 levels. Parekh also noted that the Bank Nifty recorded a new high of 47,300 levels and anticipates further rise in the coming days.
Stocks to buy today
1] Bharat Forge: Buy at ₹1177, target ₹1220, stop loss ₹1160
2] Infosys: Buy at ₹1491, target ₹1545, stop loss ₹1470; and
3] Century Ply: Buy at ₹686, target ₹712, stop loss ₹677.
