Buy or sell: Vaishali Parekh recommends three stocks to buy today — 14 August
Live MintBuy or sell stocks for today: Domestic equity benchmarks Nifty 50 and Sensex dropped nearly 1% in the previous session, dragged by a broad sell-off in banking, auto, and metal stocks. For Bank Nifty, the Prabhudas Lilladher expert added that the index's crucial support lies near the important 100-period MA at 49,600, which needs to be sustained; below it, the trend would turn weak. Regarding stocks investors can buy, Vaishali Parekh recommended three intraday stocks for today: HCL Technologies, Dr Reddy's Laboratories, and TajGVK Hotels & Resorts. Stock market today On the outlook for the Nifty 50's performance today, Vaishali Parekh said, ‘’Nifty has been finding resistance near the 24,400 zone for the past 5-6 sessions and currently has slipped below the near-term support zone of 24,200 levels, with bias weakening.'' Nifty Spot Index Support – 24,000 Resistance - 24,300 Bank Nifty Spot Index Support – 49,300 Resistance – 50,300 Stocks to buy today 1.HCL Technologies: Buy HCL Tech at ₹1,592.65, Target ₹1,660, Stop Loss ₹1,555 2.Dr Reddy's Laboratories: Buy Dr Reddy's Laboratories at ₹6,948.40, Target ₹7,320, Stop Loss 6,800 3.TajGVK Hotels & Resorts: Buy TajGVK Hotels & Resorts at ₹312.20, Target ₹330, Stop Loss ₹304.