Vaishali Parekh VP at Prabhudas Lilladher believes that the Indian stock market bias has turned weak after the Nifty 50 index came close to its 50-DEMA. On stocks to buy today, Vaishali Parekh recommended three buy or sell stocks for today — 📌Hindustan Unilever Ltd or HUL, 📌Divi's Laboratories, and 📌Colgate Palmolive (COLPAL).
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The market remained under pressure, but three stocks - 📌Bharat Dynamics was the top gainer among these three stocks on April 16, reporting a 4.7% rally 📌Aarti Industries gained 2 percent to Rs 749 and formed a long bullish candlestick pattern 📌Cummins India jumped 2.6% to end at a new closing high of Rs 3,121 and traded above all key moving averages
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The Anand Rathi expert went on to add that Nifty today is facing resistance at the 22,500 to 22,600 zone. However, he advised a 'buy-on-dips' strategy till the 50-stock index is above the 22,100 level. On day trading stocks to buy today, Ganesh Dongre of Anand Rathi recommended three shares to buy today — 📌CAMS, 📌Apollo Tyres, and 📌RCF.
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