As the global market sentiment turns positive after a sharp recovery in the US stock market, the Indian Stock market also gains momentum. Last week Friday, The Nifty50 earned 111 points and closed at 22,508 yesterday. Also BSE Sensex 341 points higher at 74,169. What are the stocks that can breakout today? Let’s check expert recommendations.
Stocks to Buy Today by Vaishali Parekh
According to Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, Nifty 50 is trading in a very tight range of 22,350 to 22,550. The Indian Stock market bias is cautious to positive which means nifty will face challenges at 22,700 today. If it crosses that mark then fresh upward movement can be seen.
On the other hand,d Bank Nifty has managed to stay at 47,800 zone. It means overall sentiment looks positive. According to her Bank Nifty could stay between 48,000 to 48,800. Now let’s find out which are the stock Vaishali Parekh recommends, that could give good returns with entry price, selling price and stop loss.
Stock Recommendation by Vaishali Parekh
1. HUDCO : First recommendation of the day is HUDCO. Investors can purchase this stock at Rs 187. Target price for selling will be Rs 200. Do remember to keep a stop loss at Rs 184.
2. CG Power: The second recommendation of the day is CG Power. You can purchase the stocks at Rs 615 and aim for a selling price of Rs 650. There should be a stop loss at Rs 600.
3. Persistent Systems: The last stock recommendation for today is Persistent Systems. You can purchase these shares at Rs 5150 and sell them for a target price of Rs 5400. Remember to keep a stop loss of Rs 500.
All the information mentioned above is for informational purposes only. Investors are advised to consult their certified analyst or expert before making any investment-related decisions.
