Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 19

Vaishali Parekh's banal recommendations

Vaishali Parekh, Vice President — Technical Research astatine Prabhudas Lilladher believes that the Indian banal marketplace trends person turned precise cautious with the menace of the inclination turning bearish. The Prabhudas Lilladher adept went connected to adhd that the Nifty 50 scale has decisively breached beneath the 50EMA level of 22,100 and has the adjacent large enactment portion astatine 21,700 of the important 100 play MA level. On stocks to bargain today, Vaishali Parekh recommended 3 buy oregon sell stocks for contiguous — Crompton Greaves, Sumitomo Chemical, and Poonawalla Fincorp.

Stock marketplace today

On the outlook for the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 scale has indicated a large bearish candle to extremity beneath the 22,000 portion with bias and sentiment turning precise cautious with the menace of the inclination turning bearish. The scale has decisively breached beneath the 50EMA level of 22,100 and has the adjacent large enactment portion astatine 21,700 of the important 100 play MA level."

"The Bank Nifty scale plunged drastically post-lunch league to extremity beneath the 50EMA level of 47,150 to crook anemic and is precariously placed with 46,000 zones arsenic the adjacent large enactment level for the index," said Parekh.

Parekh went connected to adhd that the Senses/Nifty contiguous has contiguous enactment placed astatine 71900/21800 level portion the absorption is seen astatine 73000/22200 levels. The Bank Nifty would person a regular scope of 46,600 to 47,500 levels.

Vaishali Parekh's stocks to bargain today

1] Crompton Greaves: Buy astatine ₹297.75, people ₹310, halt nonaccomplishment ₹291;

2] Sumitomo Chemical: Buy astatine ₹400, people ₹415, halt nonaccomplishment ₹391; and

3] Poonawalla Fincorp: Buy astatine ₹500.50, people ₹522, halt nonaccomplishment ₹490.

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 19 Apr 2024, 06:45 AM IST