Buy or sell stock: Reference indices of India exchangeSensex and Nifty 50 witness a recovery ahead of US presidential elections results. Both local indices closed with positive gains after Tuesday’s session. Nifty 50 index closed at 24,213.30 points, up 0.91 percent compared to 23,995.35 points at the previous market close.

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

Vaishali Parekh’s stocks to buy today

Vaishali Parekh, Prabhudas Lilladher’s vice president of technical research, said Nifty volatile There were big fluctuations in the last two sessions. Short-term support is in the 23,800 region. Parekh predicts that the Nifty 50 Spot index will find support at 24,000 points and face resistance at 24,400 points. Bank Nifty index is likely to move in the range of 51,600 to 52,800 today.

For today, Parekh recommended three buy-sell stocks: Hindustan Aeronautics Ltd, Reliance Industries Ltd and Vedanta Ltd.

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On the outlook for Nifty 50 and Bank Nifty index, Parekh said: “Nifty has witnessed major swings in the last two sessions and is currently positioned near the short-term support 23,800 zone. main and critical support lies near the 200-period MA at 23,400.”

“The index, which has witnessed a pullback, will need to decisively overcome the 24,500 region to form a opinion and then predict a new upward movement in the coming days,” the stock market expert said.

“While Bank Nifty generally maintains support near the 51,000 zone, it also finds stiff resistance near the 52,500 level, which needs to be broken decisively in the coming days to confirm a clear directional move. The 50,400 level will be the critical short-term support zone that must be maintained to maintain the outlook. disposition solid,” Parekh said.

Parekh said that for today, Nifty 50 Spot has support at 24,000 points and resistance is at 24,400 points. The daily range of Bank Nifty index will be between 51,600 and 52,800.

Buy or sell shares of Vaishali Parekh

1. Hindustan Aeronautics Ltd. (STATUS): place of purchase ₹4,250; Aim ₹4,550; Stop Loss ₹4,000.

2. Reliance Industries Ltd. (RELIANCE): place of purchase ₹1,300; Aim ₹1,350; Stop Loss ₹1,280.

3. Vedanta Ltd. (VEDL): place of purchase ₹469; Aim ₹480; Stop Loss ₹453.

Disclaimer: The opinions and recommendations given in this article are those of individual analysts. They do not represent the views of Mint. We recommend investors consult certified experts before making any investment decisions.