The best equipment for parrying is a small shield, such as a Target Shield, which will give you the most amount of active parry frame. 

You can also use a standard shield, such as a Black Knight Shield, for less active parry frames but better blocks. 

Finally, you can also use a weapon that can parry, such as a parrying dagger; however, it is much more difficult to parry with a weapon compared to a shield.
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