Buy or Sell: Vaishali Parekh Recommends Buy Today – November 6 – Three Stocks

Buy or sell shares: Indian Core Indices stock marketSensex and Nifty 50 witnessed economic recovery ahead of the US presidential elections. results. Both domestic indices closed with positive gains after Tuesday’s session. The Nifty 50 index closed 0.91 per cent higher at 24,213.30 compared to 23,995.35 at the previous market close.

The BSE Sensex closed 0.88 per cent higher at 79,476.63 as against 78,782.24 at the previous market close.

Vaishali Parekh shares can be bought today

Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, said that Nifty was volatile the last two sessions with huge fluctuations. The immediate support is at 23,800. Parekh estimates that the Nifty 50 Spot Index will find support at 24,000 and resistance at 24,400. The Bank Nifty index is likely to move in the range of 51,600 to 52,800 today.

Parekh has so far recommended buy or sell shares of three companies: Hindustan Aeronautics Ltd, Reliance Industries Ltd and Vedanta Ltd.

Stock market today

On the outlook for Nifty 50 and Bank Nifty Index, Parekh said, “In the last two sessions, Nifty has been volatile with huge swings and we currently have short-term support located near the 23,800 zone main and critical support lies near the 200 period moving average at 23,400.”

“The index, witnessing a pullback, will have to make a decisive break above the 24,500 zone to establish confidence and then look for another move higher in the coming days,” said a stock market expert.

“Bank Nifty is broadly holding support near the 51,000 zone while finding stiff resistance near 52,500 levels, which needs to be breached decisively to confirm a clear directional move in the coming days. The 50,400 levels will be the critical short-term support zone that needs to be maintained to support the overall rally. trend untouched,” Parekh said.

Parekh said that Nifty 50 Spot currently has support at 24,000 points and resistance is at 24,400 points. The Bank Nifty index will have a daily range of 51,600 to 52,800.

Buy or sell Vaishali Parekh shares

1. Hindustan Aeronautics Ltd. (HAL): Buy at ₹4250; Target on ₹4550; Stop loss at ₹4000.

2. Reliance Industries Ltd. (“RELIANCE”): Buy at ₹1300; Target on ₹1350; Stop loss at ₹1280.

3. Vedanta LLC (VEDL): Buy at ₹469; Target on ₹480; Stop loss at ₹453.

Disclaimer: The opinions and recommendations expressed in this article are those of the individual analysts. They do not reflect the views of Mint. We advise investors to consult with certified experts before making any investment decisions.