Latest news with #VaishaliParekh
Mint
a day ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 4 June 2025
Buy or sell stocks: Despite a gap-up opening, the Indian stock market ended lower for the third straight session on Tuesday. The Nifty 50 index ended 174 points lower at 24,542. The BSE Sensex nosedived 636 points and closed at 80,737, while the Bank Nifty index finished 303 points lower at 55,599. Oil & Gas was the worst-performing index, and Nifty Realty was the best-performing index. The Nifty Realty index added 1% amid hopes of a rate cut by the Reserve Bank of India in its upcoming policy review. The Nifty Smallcap100 index showcased its outperformance relative to the benchmark by rising 0.10%. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market trend is cautious as the Nifty 50 index is just above the crucial support placed at 24,500. The Prabhudas Lilladher expert said the Nifty is facing a minor hurdle at 24,800, while the benchmark index is facing a substantial hurdle at 25,000. If it breaks above 25,000, the index may soon reach 25,400. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed resistance near the 24,800 zone in the morning session and succumbed to profit booking as the day progressed on the back of weak global cues to witness profit booking and closed near the important support zone at 24,500 level. The index needs to sustain above the 24,500 zone, failing which the bias would turn slightly weak, and thereafter, the significant 200-period MA at the 24,050 zone would be the next major support position. With the geo-political tensions looming again, the sentiment would be maintained cautiously." "The Bank Nifty index fizzled out the positive development witnessed in the last session and has been gripped inside the tight range of 55800 and 54500 levels with overall bias remaining positive. As mentioned earlier, the index needs to sustain above the crucial support of the 54500 level to maintain the overall bias intact and would need a decisive breach above the 55800 level to break through above the tight range and expect a fresh upward move in the coming days," said Parekh. Parekh said that support for Nifty today is placed at 24,400 while the resistance is seen at 24,800. The Bank Nifty would have a daily range of 55,200 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Medico Remedies, Jain Irrigation Systems, and IndusInd Bank. 1] Medico Remedies: Buy at ₹ 52, Target ₹ 58, Stop Loss ₹ 49; 2] Jain Irrigation Systems: Buy at ₹ 60, Target ₹ 65, Stop Loss ₹ 58; and 3] Indusind Bank: Sell at ₹ 799, Target ₹ 760, Stop Loss ₹ 810. 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
2 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 3 June 2025
Buy or sell stocks: After opening lower in the early morning session, the Indian stock market showed resilience and demonstrated a sharp recovery on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment will remain positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000, and the 50-stock index may soon touch 25,500 once it breaks above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. The near-term support shall be maintained near the 54,500 zone as mentioned earlier, which needs to be sustained as of now," said Parekh. Parekh said that immediate support for Nifty today is placed at 24,600, while the resistance is seen at 24,900. The Bank Nifty would have a daily range of 55,600 to 56,600. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: United Spirits, Harrisons Malayalam, and Lupin. 1] United Spirits: Buy at ₹ 1551, Target ₹ 1650, Stop Loss ₹ 1520; 2] Harrisons Malayalam: Buy at ₹ 220, Target ₹ 240, Stop Loss ₹ 210; and 3] Lupin: Buy at ₹ 1463, Target ₹ 1510, Stop Loss ₹ 1440. 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
3 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 2 June 2025
Buy or sell stocks: After showcasing a strong rally on Friday, the Indian stock market lost momentum and ended lower in the first session of the June 2025 series. The Nifty 50 index ended 82 points lower at 24,750, the BSE Sensex finished 182 points lower at 81,451, while the Bank Nifty index added 203 points and closed at 55,749. Trading volumes on the NSE cash market were sharply higher by 57% compared to the previous session, mainly due to MSCI rebalancing-related trades. For the week, the Nifty registered a minor decline of 0.33%. The Mid-cap and small-cap indices once again showcased their outperformance relative to the benchmark, though they, too, ended marginally lower. The Nifty Midcap 100 Index fell by a mere 0.06%, while the Nifty Small-cap 100 Index corrected by just 0.03%. Market breadth turned negative, with declining stocks outpacing advancing ones, as indicated by a BSE advance-decline ratio of 0.84. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is still positive as the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index may soon touch 25,300 if it breaks above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index witnessed another session of consolidation near the 24,700 to 24,800 zone and, with the bias maintained intact, can expect for further rise once a decisive breach above the 25,000 zone is confirmed, with upside targets of 26,300 and 27,200 levels achievable in the coming days. As mentioned earlier, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index witnessed a significant pullback in the second half to gather strength and closed near the important hurdle at the 55800 zone with bias improving and anticipating a breakout above the 56000 zone with strength indicated and can trigger for fresh upside targets of 57700 and 60300 levels in the coming days. As mentioned earlier, the near-term support shall be maintained near the 54500 zone, which needs to be sustained as of now," said Parekh. Parekh said that today, support for the Nifty is at 24,600, while resistance is at 25,000. The Bank Nifty will have a daily range of 55,400 to 56,400. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: Welspun Corp, HCC, and Dabur India. 1] Welspun Corp: Buy at ₹ 932, Target ₹ 960, Stop Loss ₹ 920; 2] HCC: Buy at ₹ 34, Target ₹ 40, Stop Loss ₹ 32; and 3] Dabur India: Buy at ₹ 484, Target ₹ 500, Stop Loss ₹ 476. 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
6 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 30 May 2025
Buy or sell stocks: After a strong opening, the Indian stock market once again failed to sustain at higher levels and erased all its gains on Thursday. The Nifty 50 index ended 81 points higher at 24,833, the BSE Sensex finished 320 points higher at 81,633, while the Bank Nifty index gained 129 points and closed at 55,546. Among the sectors, metal and realty were the top performers, while marginal pressure was witnessed in the PSU banking and FMCG segments. The Mid-cap and Small-cap indices extended their outperformance by ending the trade with gains of 0.55% and 0.59%, respectively. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is cautious to positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000. On breaking above 25,000 on a closing basis, the 50-stock index may soon touch 25,400. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index has been consolidating near the 24,750 zone for most of the session with the last hour finding some acceleration to close above the 24,800 zone with overall bias maintained positive and can expect for further upward movement in the coming days. As mentioned earlier, the index must exceed the 25,000-level barrier to continue the upward journey. At the same time, on the downside, the 24500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index continues to oscillate between the narrow range of 55,800 zone, which is acting as a tough hurdle, and on the downside is supported by the 54,400 zone, which needs to be sustained to maintain the positive bias intact. A decisive breach above the 55,800 level shall trigger a fresh upward move with targets of 57,700 and 60,300 levels achievable in the coming days," Parekh said. Parekh said that today, the Nifty's support is at 24,700, while the resistance is at 25,000. The Bank Nifty index would have a daily range of 55,200 to 56,000. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: IdeaForge, Graphite India, and Nava. 1] IdeaForge: Buy at ₹ 540, Target ₹ 570, Stop Loss ₹ 528; 2] Graphite India: Buy at ₹ 553, Target ₹ 585, Stop Loss ₹ 542; and 3] Nava: Buy at ₹ 474, Target ₹ 500, Stop Loss ₹ 462. 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
7 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh of Prabhudas Lilladher recommends three stocks to buy today — 29 May 2025
Buy or sell stocks: After a lacklustre trading session, the Indian stock market ended lower on Wednesday. The Nifty 50 index ended 73 points lower at 24,752. The BSE Sensex finished 239 points downside at 81,312, while the Bank Nifty index added 64 points and closed at 55,417. The India VIX Index finished 2.79 per cent lower at around 18.01. A mixed trend was seen among the sectors, where Media and PSU Bank were the top performers, whereas FMCG and Auto lagged. Divergence was seen in the Broader market's performance, where Midcaps ended in red while Smallcaps outperformed the Frontline Index by ending the day in green. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market is cautious and optimistic as the Nifty 50 index is sustaining above 24,500. The Prabhudas Lilladher expert said the Nifty 50 index is trading in the tight 24,500 to 25,000 range, and a bullish or bearish trend can be assumed on the breakage of either side of the range. However, she maintained that 24,500 support may remain sacrosanct, and the benchmark index may soon touch 25,400 after breaking above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index remained range-bound throughout the session, and with some profit booking witnessed closed near the 24,750 level, with the index overall consolidating within a narrow band for quite some time. With the sentiment maintained with a cautiously positive approach, the index would need to breach above the 25,000 zone decisively, having the near-term support near the important 20-period MA at the 24,650 level, which, if sustained, can regain the positive move for further rise in the coming days. The support for the day is seen at 24,500 levels, while the resistance is seen at 25,000 levels." "The Bank Nifty index has sustained the crucial support zone of 55,000 levels once again and has closed near the 55,400 level, keeping the bias intact, and with most of the PSU banking stocks looking well set for further rise, we expect the index to gain strength in the coming days. As mentioned earlier, the index would need a decisive breach above the zone of 56,000 levels to improve the bias and thereafter trigger a further rise in the coming days. The Bank Nifty index would have a daily range of 55,000 to 56,000 levels," Parekh said. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Bank of India, NCC, and CSB Bank. 1] Bank of India: Buy at ₹ 119, Target ₹ 130, Stop Loss ₹ 115; 2] NCC: Buy at ₹ 237, Target ₹ 255, Stop Loss ₹ 230; and 3] CSB Bank: Buy at ₹ 372, Target ₹ 400, Stop Loss ₹ 360. 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.
