Buy or sell: Vaishali Parekh recommends three stocks to buy today — 31 December 2024
Live MintBuy or sell stocks: The Indian stock market indices ended their two-day winning streak on Monday, December 30. The Nifty 50 index closed 0.71 per cent lower at 23,644.90 points, compared to 23,813.40 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 index is witnessing a narrow rangebound movement hovering between 23,600 and 23,850 levels since last week. Stock market today On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, “Nifty has been finding tough resistance near the important 200 period MA of 23,850 zone and has witnessed a narrow rangebound movement hovering between 23,600 and 23,850 levels since the last one week.” “As we have been mentioning, would need a decisive breach above that levels to confirm a breakout and thereafter, expect for fresh upward move. “Bank Nifty witnessed a surge during the session to touch the 50EMA zone at 51,960 levels but failed to breach above, witnessing profit booking ended low in the red near 50,950 level.