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Chandan Taparia has recommended three stocks to buy today, May 27. According to him, these stocks are technically placed to see a decent upmove. These three stocks to buy today include, HPCL, Axis Bank and PFC.
For the Nifty, immediate support is at 20,500 and then 20300, while resistance is at 20,800 and then 21,000. It has to hold above 20,500 for an upmove towards 20,800 and then 21,000
The RBIs announcement on consumer loans weighed on financials and the weakness could continue in the coming week as well. The crucial support for the index on the downside is placed at 43,300 level while a breach of the same could push the index towards 42000, suggested experts.
The stock market showed strength on Thursday as it managed to close in the green. The Sensex surged 533.44 points, ending the day at 64,124.77.
The stock market commenced its trading day with a bearish note, as both the benchmark indices, Sensex and Nifty, registered a downward opening in the red.