Indian stocks witnessed high volatility in the previous session with 50-stock Nifty ending 43 points lower at 17,721 and 30-stock Sensex losing 220 points and closing at 60,286 levels. Meanwhile, Bank Nifty index gained 116 points and closed at 41,490 mark. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty has been trading in 17,650 to 17,800 range and needs to breach 17,800 hurdle for creating a decisive conviction about the market trend. Vaishali Parekh of Prabhudas Lilladher has recommended three intraday stocks for today – IRB Infra, Jindal Steel and Cochin Shipyard. IRB Infra has been recommended to buy at ₹279, target ₹292, stop loss ₹275; Jindal Steel has been suggested to buy at ₹570, target ₹592, stop loss ₹560; and Cochin Shipyard has been recommended to buy at ₹485, target ₹500, stop loss ₹477.
Intraday Trading Strategy for Wednesday – Stocks to Buy Today
Indian stocks remained range-bound with high volatility in previous session. Vaishali Parekh of Prabhudas Lilladher has recommended three intraday stocks for today - IRB Infra, Jindal Steel and Cochin Shipyard. Nifty needs to breach 17,800 hurdle for creating a decisive conviction about the market trend.
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