Stocks that will be purchased or sold today: Following a weak global sentiment after the increase in interest rates, the Indian stock market ended in a negative zone in the third successive session on Friday. The Nifty 50 index fell 302 points and closed at 17,327, Sensex fell 1020 points and ended at 58,098 while the Nifty bank was completed at 39,546, 1084 points below the previous closure. Vaishali Parekh, Vice President – Technical research at Prabhudas Lilladher believes that the great support for the Nifty 50 index lies at 17,000 levels and more weaknesses can be expected if the support of the 200 DMA 200 is damaged.

Talking about the Nifty 50 index, Vaishali Parekh from Prabhudas Lilladher said, “Nifty witnessed heavy sales pressure and lost 300 points that broke under the 17500 zone to touch the important support zone 17300 with overall biases turn weak and the stock to witness the release of profit orders weight. Their advantage. From here at the next level of important support is located near a significant 200DMA level of 17000 which if damaged will further weaken the trend. “

Bank Nifty is also very jammed compared to a good loss of more than 1000 points and closed near zone 39,500 with weekly trends that turn around after 11 weeks and can be weak. However, support for that day was seen on 17,200 while the resistance was seen in 17,500. Bank Nifty will have a daily range of 39,000 to 40,000 levels, “said Vaishali Parekh.

Recommendation Vaishali Parekh

Vaishali Parekh from Prabhudas Lilladher said that the important support zone of 17,500 to 17,300 turned weak and the next main support zone for the 50-stok index was placed at 17,000 levels. Expert Prabhudas Lilladher said that the bias for both Nifty and Nifty banks was weak and a small increase in the index could only be a relief. On stocks to be purchased or sold today, Vaishali Parekh recommends 2 shares to be purchased today – voltage and NIIT.Here we include complete details in terms of stock recommended by Vaishali Parekh from Prabhudas Lilladher: