After a low ending on Wednesday Indian Stock Market showed some movement yesterday. Sensex was up by 318 points and ended at 77,606.43. On the other hand, Nifty 50 was up by 105 points and ended at 23,591.95. How will the market perform today or Which stocks might give a good return? Let’s find out.
Stocks to Buy Today by Vaishali Parekh
According to Vaishali Parekh, Vice President of Technical Research, Prabhudas Liladher, Nifty has support of nearly 23,400. So, it could bounce back towards 23,600. Also Bank Nifty has support near 51,000. It could end at the 52,600 to 53,800 range today if the market stays positive.
Here are some stock recommendations by Vaishali Parekh which can break out today. You can find the entry price, selling price and stop loss below.
Stock Recommendation by Vaishali Parekh
1. Bajaj Housing Finance: The First recommendation for the day is Bajaj Housing Finance. You can purchase these shares at Rs 125 and target to sell at Rs 133. Do remember to keep a stop loss at Rs 120.
2. SRF: Another good stock that can break out today is SRF. You can buy these shares at Rs 2954 and aim to sell at Rs 3050. Also, remember to keep a stop loss at Rs 2900.
3. Cyient: The last recommendation for the day is Cyient. You can purchase these shares at Rs 1280. Then you can sell at Rs 1320. Investors are also advised to keep a stop loss at Rs 1260.
All the information above is for informational purposes. Investors are advised to consult their certified experts before making any investment-related decision.
