The Indian Stock Market has became red after seeing a huge selling sentiment in the past few days. Yesterday, the Nifty 50 closed 0.76% lower than Friday ar 23,381.60 Points. BSE sensex also closed at 77,311.80 points which is lower than the last closed point by .70%.
Do you want to know which stocks might perform well in this volatile market? Then you can check the Vice President of Technical Research at Prabhudas Liladher, Vaishali Parekh’s recommendations. Here’s a list of shares that she recommends today.
Stocks to Buy Today by Vaishali Parekh
According to Vaishali Parekh investors are recommended to proceed with caution. The near-term support is at 23,250. Nifty 50 spot index will find a support at 23,200 points. there will be resistance in 23,600 points as well. But if it breaks out that level next target will be around 4the 9,500 – 50,000 range. Let’s look at the stocks Vaishali recommends buying or selling today.
Stocks by Vaishali Parekh
1. Kotak Mahindra Bank (KOTAKBANK): Vaishali recommends buying Kotak Mahindra Bank shares at Rs 1960 and aiming for a target price of Rs 2000. Investors should put a stop loss at Rs 1940.
2. Transformer and Rectifier India Ltd (TARIL): She also suggests buying Transformer and Rectifier India Ltd ar Rs 915 and aiming for Rs 1000 price per share. But there should be a stop loss at Rs 870.
3. One 97 Communication Ltd (PAYTM): Paytm share or One 97 Communications Ltd is on the recommended list by Vaishali Parekh/ The target price is expected at Rs 790 with entry or buy at Rs 775, also investors are told to keep a stop loss at Rs 740.
These are the stocks recommended by Vaishali Parekh for 11th February. But before investing any amount keep in mind recommendations in this article are given by individual analysts. Investors should check with certified experts before making any investment decision.
