Should you consider buying or selling stocks today? Due to weak global cues, the Indian stock market concluded its fourth consecutive session on a downward note last Friday. The Nifty 50 index closed 68 points lower, settling at 19,674 levels, while the BSE Sensex underwent a correction of 221 points, closing at 66,009 points. Additionally, the Bank Nifty index wrapped up 11 points lower, ending at 44,612 levels. Despite this, the small-cap index managed a slight positive finish, and the advance-decline ratio improved to 0.99:1.

Looking at an intraday trading strategy for Monday, Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, suggests that the sentiments on Dalal Street have further weakened, particularly after the Nifty 50 index closed below the 19,700 level on Friday. Parekh points out that a critical support level for Nifty today is situated at 19,600 levels, and if this support is breached, there could be further corrections in the Indian stock market. For those considering stock purchases today, Vaishali Parekh recommends three intraday options: RVNL, Bank of Baroda (BoB), and Schneider Electric.