Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 12

Following strong global market sentiments ahead of the US inflation data release, the Indian finished higher after trading range bound throughout the Thursday session. The Nifty 50 index added 28 points and closed at the 21,647 level, the Sensex went up 63 points and closed at the 71,721 mark while the Bank Nifty index ended 77 points higher at the 47,438 level.

Broad market indices rose more than the Nifty even as the advance decline ratio rose to 1.65:1. Intraday trading tips for Friday Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Nifty 50 index is facing resistance at 21,700 to 21,750 zone. Prabhudas Lilladher expert went on to add that Nifty today is in the range of 21,450 to 21,750.

She said that a bullish or bearish trend can be assumed on the breakage of either side of the range. On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — KRBL, RCF, and . Stock market today On the outlook for Nifty 50 today, Vaishali Parekh said, "Nifty 50 has witnessed resistance zone near 21,700 to 21,750 levels and has seen some rangebound movement between the 21,750 and 21,450 zones for quite some time and would need a decisive breach on either side of the band to confirm a directional move in the coming days.

The 50 stock index has indicated a rising channel pattern on the daily chart with support now maintained near the 21,500 level and upside potential of 22,100 levels visible once a decisive breach above the 21,800 zone is confirmed." "Bank Nifty once again has been moving sideways with resistance visible near the 47,650 zone for the session and on the downside 47,000 level is maintained as the crucial support zone.

The index would need a decisive breach above the 48,000 to 48,200 zone decisively for confirmation of further fresh upward move," said Parekh. Parekh went on to add that the immediate support for the Nifty 50 index today is placed at 21,500 while the resistance is seen at 21,800 levels. Bank Nifty would have a daily range of 47,100 to 47,800 levels.

Stocks to buy today Buy at 382.50, target 400, stop loss 376; Buy at 170.20, target 177, stop loss 167; and Buy at 1155, target 1210, stop loss 1135. Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!.