Buy or sell: Vaishali Parekh recommends 3 stocks to buy today – March 11

Buy and sell stocks: Indian stock markets remained range bound last Thursday despite strong global clues about a possible rate cut by the US Federal Reserve. The Nifty 50 index rose 19 points to end at 22,493 levels, the BSE sensitive index Sensex rose 33 points to end at 74,119 levels, while the Bank Nifty index fell 129 points to end at 47,865 levels. However, buying movements were seen across the market, with the small-cap index rising 0.70% and the mid-cap index rising 0.39%.

Monday intraday trading tips

Vaishali Parekh, vice president, technical research, Prabhudas Lilladher, believes that the Nifty 50 index hit a lifetime high of 22,525 on Thursday, indicating that market sentiment is overall positive. . Expert Prabhudas Liladhar further added that the 50-stock index could soar to new highs due to strong buying in Tata Group stock.

On stocks to buy today, Vaishali Parekh recommended three stocks to buy or sell today. His three stocks are PVR, HDFC Life and ITC.

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Commenting on the outlook for the Nifty 50 index today, Vaishali Parekh said, “The Nifty 50 index hit an all-time high of 22,525.40 in intraday trade on Thursday. Overall, bias and sentiment look strong, but we expect this momentum to continue and extend to the 22,800-23,000 level.”

“Bank Nifty, which has already shown strength, is gradually rising and is hovering around the 48,000 zone while maintaining a positive bias, with leading stocks such as HDFC Bank, Kotak Bank and IndusInd Bank Bank stocks look good in the short term. With the index at its highest level, we expect some consolidation and as the trend remains strong, we expect further gains in the coming days,” Parekh said. Ta.

Parekh further added that support for this week is seen at the 73,000/22,000 level and resistance is seen at the 75,200/23,000 level. Nifty Bank’s weekly range will be between 46,500 and 49,000 levels.

1]PVR: buy at INR1415, target INR1500, stop loss INR1360;

2]HDFC Life Insurance: buy at INR622, target INR660, stop loss INR600; and

3]ITC: buy at INR413, target INR440, stop loss INR398.

Disclaimer: The views and recommendations expressed above are those of individual analysts, experts, and brokerages and not of Mint. We recommend checking with a certified professional before making any investment decisions.