By laksh5382 
Buy or Sell Stock: Domestic stock market indices were volatile on Thursday, December 12, as investors exercised caution ahead of the release of India’s Consumer Price Index (CPI) inflation data. November CPI data showed that retail inflation It decreased to 5.48 percent compared to 6.21 percent in October. The Nifty 50 index fell 0.38 percent to close at 24,548.70 points, compared to 24,641.80 points at the previous market close.
The BSE Sensex index closed 0.29 per cent lower at 81,289.96 points on Thursday, compared to 81,526.14 points last year. market to close.
Buy Vaishali Parekh shares today
Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, said nifty A slow and gradual decline was observed during the last five market sessions. The index is expected to stabilize and see a change in positive trend near the important support zone of 24,500 points. Parekh estimates that the Nifty 50 spot index will find support at 24,400 points and face resistance at 24,700 points. Bank Nifty index is likely to remain in the range of 52,800 to 53,700.
Parekh recommended three stocks to buy or sell for Friday: IndusInd Bank Ltd., Tata Steel Ltd., and Balrampur Sugar Mills Ltd.
stock market today
On the outlook for Nifty 50 and Bank Nifty index, Parekh said, “Nifty has been witnessing a slow and steady decline during the last five sessions and has moved close to the important support zone of 24,500 levels, where the index is expected to Remain steadfast and watch the positive trend change.”
“As mentioned earlier, the index would need to break above the 24,750 area to confirm the breakout and then expect a fresh, further rise,” the stock exchange said. expert,
“Bank Nifty has slipped slightly from the tough resistance zone of 53,900 levels, forming a lower top, and there is important key support near the 52,550 zone, which needs to be held. The overall bias is maintained with a cautiously positive outlook and a decisive breach above 53,900 levels would be required to confirm the breakout,” Parekh said.
Parekh said that for today the Nifty 50 spot has support at 24,400 points, while resistance is at 24,700 points. The daily range of Bank Nifty index will be 52,800 to 53,700.
Buy or Sell Stocks by Vaishali Parekh
1. IndusInd Bank Limited (INDUSINDBK): buy at 999; aiming at 1,030; stop loss here 970.
2. Tata Steel Limited (TataSteel): buy at 151; aiming at 160; stop loss here 147.
3. Balrampur Sugar Mills Limited (Balramchin): buy at 590; aiming at 610; stop loss here 578.
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 recommend investors to check with certified experts before taking any investment decision.