Looking for stock recommendations? Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, has suggested three stocks to buy today: Indusind Bank, Tejas Networks, and Marksans Pharma. Here’s a simple breakdown of her insights:
India’s stock market saw a positive trend with key indices like Sensex and Nifty 50 rising. On Monday, the Nifty 50 closed 0.66% higher at 25,127.95, while the BSE Sensex closed 0.73% higher at 81,973.05 points.
Vaishali Parekh’s Stock Picks:
According to Vaishali Parekh, Nifty is showing a positive trend after consolidating around the 25,000 level. She expects Nifty to face resistance at 25,300 points and support at 25,000 points. Meanwhile, the Bank Nifty index is expected to move between 51,400 and 52,600 points today.
Stocks to Watch:
- Indusind Bank Ltd.
- Buy Price: ₹1,368
- Target: ₹1,400
- Stop Loss: ₹1,345
- Tejas Networks Ltd.
- Buy Price: ₹1,210
- Target: ₹1,250
- Stop Loss: ₹1,190
- Marksans Pharma Ltd.
- Buy Price: ₹297
- Target: ₹315
- Stop Loss: ₹288
Vaishali Parekh also mentioned that the Bank Nifty index has seen a pullback, closing above the 50-day EMA (Exponential Moving Average) at 51,750 points, with banking stocks like HDFC Bank and Kotak Bank showing positive technical signs. If the Bank Nifty maintains support at 51,000 points, there is potential for further growth.
These insights can help you make informed decisions if you’re looking to invest in the stock market today!
