Buy or Sell Stock: Indian stock market benchmark indices, Sensex and Nifty 50, saw significant gains during the second half. Business Session on Tuesday, October 29. The indices recovered from early losses, mainly driven by the strong performance of index heavyweights. Reliance Industries, hdfc bank, ICICI Bank And state Bank of IndiaAfter Tuesday’s trading session, the Nifty 50 index closed 0.52 percent higher at 24,466.85 points, while at the previous market close it was at 24,339.15 points.
The BSE Sensex index closed 0.45 per cent higher at 80,369.03 points, compared to 80,005.04 at the previous market close.
Buy Vaishali Parekh shares today
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, said the Nifty has shown signs of consolidation while maintaining stability. Help Close to the 24,100 zone in the last 3 sessions and, at the moment, shows a fast Candle formation, improving the bias to some extent. The index is expected to see further rise. Parekh estimates that the Nifty 50 spot index will find support at 24,350 points and face resistance at 24,650 points. Bank Nifty index is likely to remain in the range of 51,800 to 53,000 today.
For today, Parekh recommends buying or selling three stocks: Indian Oil Corporation Limited, Coal India Limited, and GMR Airports Infrastructure Limited.
stock market today
On the outlook for Nifty 50 and Bank Nifty index, Parekh said, “Nifty has indicated consolidation by maintaining support near 24,100 zone for the last 3 sessions and is currently recovering somewhat in the bias with a positive bullish candle formation. Has occurred and has increased further. can be estimated.”
“The index needs to decisively move above 24,700 area to establish conviction and thereafter further rise is expected towards the next target of 25,200 level,” the stock exchange said. expert,
“Bank Nifty has indicated a strong positive candle on the daily chart closing above 52,000 zone and is expected to continue the positive move towards the next target of 53,500 level. “The index has gained some strength crossing the important 50EMA zone at 51,700 levels to correct the bias and sentiment,” Parekh said.
Parekh said that for today the Nifty 50 spot has support at 24,350 points, while resistance is at 24,650 points. The daily range of Bank Nifty index will be 51,800 to 53,000.
Buy or Sell Stocks by Vaishali Parekh
1. Indian Oil Corporation Limited (IOC): buy at 144; aiming at 155; stop loss here 140.
2. Coal India Limited (COALINDIA): buy at 445; aiming at 480; stop loss here 435.
3. GMR Airports Infrastructure Limited (GMRINFRA): buy at 79; aiming at 85; stop loss here 76.
Disclaimer: The views and recommendations expressed in this article are those of the individual analysts. These do not represent the views of the Mint. We advise investors to check with certified experts before taking any investment decision.
