Buy or sell: Vaishali Parekh recommends three stocks for today — December 5
Live MintBuy or sell stocks: The domestic stock market indices struggled to maintain the recent gains on Wednesday, December 4, as investors remain cautious ahead of the RBI's monetary policy announcement. The Nifty 50 index closed 0.4 per cent higher at 24,467.45 points, compared to 24,457.15 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 witnessed a pullback in the last two market sessions and found resistance near the previous peak zone of 24,550. Stock market today On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, “Nifty, after witnessing the pullback in the last 2 sessions, found resistance near the previous peak zone of 24,550 levels, and amid some volatility, slipped down to end on a flat note, with bias still maintained positive.” “The index would need a decisive breach above the 24,550 level to confirm a breakout and to expect further rise, with next targets of 24,800 and 25,200 levels visible with 24,300 level as the immediate support, which needs to be sustained as of now,” said the stock market expert. The index would have the next important level of 54,470 of the previous peak zone and can retest in it the coming days with strength sustaining,” said Parekh.