Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 14
4 months ago

Buy or sell: Vaishali Parekh recommends three stocks to buy today — November 14

Live Mint  

Buy or sell stocks: The Indian stock market fell for the fifth successive session on Wednesday, November 13, due to weak global trends, a rise in the dollar index, a weakening rupee and a sell-off from foreign investors. The Nifty 50 index closed 1.36 per cent lower at 23,559.05 points, compared to 23,883.45 points at the previous market close. The BSE Sensex closed 1.25 per cent lower at 77,690.95 points after Wednesday's trading session, compared to 78,675.18 points at the previous market close. Vaishali Parekh's stocks to buy today Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, said the Nifty has witnessed a decent correction of over 10 per cent from the peak of 26,277, and now has touched 23,545. Stock market today On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, “Nifty ended on the losing side by more than 300 points and has witnessed a decent correction of more than 10% from the peak of 26,277, and now it has touched 23,545, which is the level where the significant 200-DMA lies.” “A further breach below 200-DMA shall weaken the overall bias, with the next major support positioned near 23,000–22,800 levels,” said the stock market expert.

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