Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 10

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Vaishali Parekh's stocks to bargain today

Vaishali Parekh, Vice President — Technical Research astatine Prabhudas Lilladher, believes that the Indian banal marketplace sentiments received a important dent erstwhile the Nifty 50 scale breached 22,000 support. This was successful enactment with the planetary marketplace trends, which were besides weak. The Prabhudas Lilladher adept said that the 50-stock scale has adjacent important enactment astatine 21,750. Vaishali went connected to adhd that Nifty would necessitate a adjacent supra 22,250 to amended the Indian banal marketplace bias.

Regarding stocks to bargain today, Vaishali Parekh recommended 3 buy oregon merchantability stocks for contiguous — IndusInd Bank, Ajanta Pharma, and Sun TV. 

Stock marketplace today

On the outlook for Nifty today, Vaishali Parekh adopts a cautious approach. She said, "The Nifty 50 index, aft witnessing a treble apical enactment adjacent the 22,800 zone, has slipped rather importantly with nett booking eroding the gains and presently has breached beneath the important 100 play MA astatine 22,000 level with bias and sentiment maintained with a cautious attack and has the adjacent important enactment adjacent 21,750 levels. With the wide bias and sentiment precariously placed, it would request a decisive determination supra the important 50EMA level of 22,250 to amended the concern from existent levels and expect a further rise."

"The Bank Nifty scale has slipped beneath the 50EMA level of 47,700 zones, weakening the bias, and has 46,600 levels arsenic the important portion which needs to beryllium sustained to support the inclination intact," said Parekh.

Parekh added that contiguous enactment for Nifty contiguous is placed astatine 21,800 portion the absorption would beryllium astatine 22,100 levels. The Bank Nifty would person a regular scope of 47000-48000 levels.

Buy oregon merchantability stocks

1] IndusInd Bank: Sell astatine ₹1401.45, people ₹11355, halt nonaccomplishment ₹1430;

2] Ajanta Pharma: Buy astatine ₹2409, people ₹2510, halt nonaccomplishment ₹2360; and

3] Sun TV: Buy astatine ₹656.80, people ₹678, halt nonaccomplishment ₹644.

Disclaimer: The views and recommendations provided successful this investigation are those of idiosyncratic analysts oregon broking companies, and not Mint. We powerfully counsel investors to consult with certified experts earlier making immoderate concern decisions, arsenic marketplace conditions tin alteration rapidly and idiosyncratic circumstances whitethorn vary.

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Published: 10 May 2024, 06:55 AM IST