Buy or sell: Vaishali Parekh recommends buying 2 shares today — January 11

Buy or sell stocks for today: Due to weak global sentiment, Dalal Street ended Tuesday in the negative territory, giving up gains on Monday. Among the major benchmark indexes, the 50-stock Nifty fell 187 points to end at 17,914, the 30-stock Sensex fell 631 points to end at 60,115 while the Nifty Bank index fell 568 points to close. at 42,014. However, the overall market indexes fell less than Nifty and Sensex. The small-cap BSE index fell 0.46% while the mid-cap BSE index fell 0.49%.

Day Trading Strategy for Wednesday

Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher believes that the 17,800 zone will act as a key level for Nifty and a decisive breach could trigger a fresh sell-off that weakens the market trend. school more. Expert Prabhudas Lilladher went on to add that Bank Nifty is also standing at the critical support level of 42,000 levels. When asked about stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommended two stocks for today and those two are Coromandel International and Tata Consumer.

Vaishali Parekh revealed the day trading strategy, saying: “Nifty opened on a fixed note and gradually slipped with profit recognition witnessed as the day progressed and cleared once again. clean up the gain witnessed a day earlier to end near the 17,900 zone. Once again the 17,800 zone will act at a key level and a decisive breach could trigger a fresh sell-off that weakens more trends.”

Vaishali Parekh by Prabhudas Lilladher keep adding that Bank convenient also lost momentum and formed a bearish candle that erased all the gains and has returned to the important area near the 42,000 level. The upcoming sessions will be crucial as a break of these key support areas could provide a fresh slide with increased selling pressure among stocks.

“Intraday support is at 17,800 while resistance is at 18,100. convenient bank there will be a daily range of 41500-42500 levels,” Parekh said.

Stocks to buy today

As mentioned above, Vaishali Parekh recommended two day trading stocks for today, here we list the full details regarding today’s stocks:

1]International Coromandel: Buy at $901, target $935, stop loss $890; and

2] tata Customer: Buy at $769, target $790, stop loss $760.

Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, not those of Mint. We advise investors to check with certified professionals before taking any action investment decisions.

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