Latest news with #Nifty50Spot
Mint
07-05-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three intraday stocks for today amid India-Pakistan conflict — 7 May 2025
Buy or sell stocks: The Indian stock market closed in the red on Wednesday, May 6, 2025, amid the rising tensions between India and Pakistan and weak global cues weighing down investor sentiment. The Nifty 50 index closed 0.33 per cent lower at 24,379.60 points after Tuesday's stock market session, compared to 24,461.15 points at the previous market close. The BSE Sensex closed 0.19 per cent lower at 80,641.07 points, compared to 80,796.84 points at the previous market close. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said the Nifty 50 index is witnessing resistance near the 24,500 zone. The index is precariously placed, and investor sentiment is cautious. Parekh estimates the Nifty 50 Spot index to find support at 24,200 points and face resistance at 24,600 points. The Bank Nifty index will likely move in the 53,700 to 54,800 range. Vaishali Parekh recommended three buy-or-sell stocks for Wednesday: Hindustan Unilever Ltd, DLF Ltd, and IDFC First Bank Ltd. On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, 'Nifty, witnessing resistance near 24,500 zone, slipped to some extent in the morning session, thereafter to trade within a very narrow range maintaining the support near 24,350 zone for the remaining part of the session.' 'With the tensions in the border going on, the index is precariously placed with sentiment turning into a cautious mode as of now awaiting further developments. The index would have the crucial important support zone near the 200-period MA at 24,050 levels which needs to be sustained,' said the stock market expert. 'Bank Nifty, succumbed to profit booking and witnessed a gradual slide to end near the 54,300 zone losing more than 600 points having the crucial support zone near the 52,500 zone of the upper band of the descending channel on the daily chart. On the upside, as mentioned earlier, the index would need a decisive breach above 56,000 zone to confirm a breakout and thereafter, expect for fresh round of momentum in the coming days,' said Parekh. Parekh said that the Nifty 50 Spot for today has support at 24,200 points and resistance at 24,600 points. The Bank Nifty index would have a daily range of 53,700 to 54,800. 1. Hindustan Unilever Ltd: Buy at ₹ 2,378; Target Price at ₹ 2,500; Stop Loss at ₹ 2,328. 2. DLF Ltd. (DLF): Sell at ₹ 676, Target Price at ₹ 660; Stop Loss at ₹ 683. 3. IDFC First Bank Ltd. (IDFCFIRSTB): Sell at ₹ 66; Target Price at ₹ 62; Stop Loss at ₹ 68.
Mint
07-05-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three intraday stocks for today — 7 May 2025
Buy or sell stocks: The Indian stock market closed in the red on Wednesday, May 6, 2025, amid the rising tensions between India and Pakistan and weak global cues weighing down investor sentiment. The Nifty 50 index closed 0.33 per cent lower at 24,379.60 points after Tuesday's stock market session, compared to 24,461.15 points at the previous market close. The BSE Sensex closed 0.19 per cent lower at 80,641.07 points, compared to 80,796.84 points at the previous market close. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said the Nifty 50 index is witnessing resistance near the 24,500 zone. The index is precariously placed, and investor sentiment is cautious. Parekh estimates the Nifty 50 Spot index to find support at 24,200 points and face resistance at 24,600 points. The Bank Nifty index will likely move in the 53,700 to 54,800 range. Vaishali Parekh recommended three buy-or-sell stocks for Wednesday: Hindustan Unilever Ltd, DLF Ltd, and IDFC First Bank Ltd. On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, 'Nifty, witnessing resistance near 24,500 zone, slipped to some extent in the morning session, thereafter to trade within a very narrow range maintaining the support near 24,350 zone for the remaining part of the session.' 'With the tensions in the border going on, the index is precariously placed with sentiment turning into a cautious mode as of now awaiting further developments. The index would have the crucial important support zone near the 200-period MA at 24,050 levels which needs to be sustained,' said the stock market expert. 'Bank Nifty, succumbed to profit booking and witnessed a gradual slide to end near the 54,300 zone losing more than 600 points having the crucial support zone near the 52,500 zone of the upper band of the descending channel on the daily chart. On the upside, as mentioned earlier, the index would need a decisive breach above 56,000 zone to confirm a breakout and thereafter, expect for fresh round of momentum in the coming days,' said Parekh. Parekh said that the Nifty 50 Spot for today has support at 24,200 points and resistance at 24,600 points. The Bank Nifty index would have a daily range of 53,700 to 54,800. 1. Hindustan Unilever Ltd: Buy at ₹ 2,378; Target Price at ₹ 2,500; Stop Loss at ₹ 2,328. 2. DLF Ltd. (DLF): Sell at ₹ 676, Target Price at ₹ 660; Stop Loss at ₹ 683. 3. IDFC First Bank Ltd. (IDFCFIRSTB): Sell at ₹ 66; Target Price at ₹ 62; Stop Loss at ₹ 68. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
23-04-2025
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 23 April 2025
Buy or sell stocks: The Indian stock market gained for the sixth successive session. However, the weak global cues capped the market gains on Tuesday, April 22. The Nifty 50 index closed 41.70 points or 0.17% higher at 24,167.25 points after Tuesday's stock market session, compared to 24,125.55 points at the previous market close. The BSE Sensex index closed 187.09 points or 0.24% higher at 79,595.59 points, compared to 79,408.50 points in the previous stock market session. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said the Nifty 50 index, after witnessing a strong run, finally halted near the 24,200 zone. The bias is maintained positive with the near-term support at the 23,800 zone. Parekh estimates the Nifty 50 Spot index to find support at 24,000 points and face resistance at 24,300 points. The Bank Nifty index will likely move in the 55,000 to 56,400 range. Vaishali Parekh recommended three buy-or-sell stocks for Wednesday: Tube Investments, Godawari Power and Ispat, and Coal India. On the outlook for the Nifty 50 and the Bank Nifty index, Parekh said, 'Nifty, after the strong run witnessed in the last 2 weeks, finally halted near 24,200 zone taking a breather and hovered near the important 200 period MA at 24,050 taking support with bias maintained positive having the near-term significant support positioned near 23,800 zone which once sustained, can expect for further upward move in the coming days.' 'The undertone has been maintained strong and with the trend getting stronger, one can anticipate positive gains in the coming days with higher targets visible,' said the stock market expert. 'Bank Nifty, extended the gains further but witnessed some resistance near the 56,000 zone after the overheated sessions witnessed in the last 2 weeks and some profit booking cannot be ruled out in the coming sessions. The zone near 55,500 level would be the near-term support for the index which if sustained, thereafter can expect for further upward move in the coming days with the upside targets of 56,200 and 57,500 levels, still open for the index,' said Parekh. Parekh said that the Nifty 50 Spot for today has support at 24,000 points and resistance at 24,300 points. The Bank Nifty index would have a daily range of 55,000 to 56,400. 1. Tube Investments of India Ltd. (TIINDIA): Buy at ₹ 2,657; Target at ₹ 2,800; Stop Loss at ₹ 2,600. 2. Godawari Power and Ispat Ltd. (GPIL): Buy at ₹ 198; Target at ₹ 215; Stop Loss at ₹ 192. 3. Coal India Ltd. (COALINDIA): Buy at ₹ 399; Target at ₹ 430; Stop Loss at ₹ 382. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 23 Apr 2025, 06:28 AM IST
