Top Stock Picks for Monday: Vaishali Parekh Recommends 3 Stocks to Buy Today – October 14

India’s stock market indices, Sensex and Nifty 50, ended Friday lower due to weakness in the auto and banking sectors. Although pharma and metal stocks gave some support, they weren’t enough to lift the overall market. The Nifty 50 Index closed down by 0.14%, settling at 24,964.25 points, compared to 24,998.45 from the previous day.

The BSE Sensex Index closed at 81,381.36 points, down 0.28% from 81,611.41 points on the prior day.

Vaishali Parekh’s Stock Picks for Today

Vaishali Parekh, VP of Technical Research at Prabhudas Lilladher, said that Nifty has been consolidating near the 25,000 level with a cautious outlook. According to Parekh, Nifty could find support at 24,800 points and face resistance at 25,150 points. For Bank Nifty, Parekh sees a range between 50,700 and 51,600 for today.

Here are Parekh’s three stock recommendations for today:

1. GAIL India Ltd. (GAIL)
   • Buy at ₹229.40
   • Target: ₹240
   • Stop Loss: ₹224
2. Clean Science and Technology Ltd. (CLEAN)
   • Buy at ₹1,568.55
   • Target: ₹1,630
   • Stop Loss: ₹1,535
3. Intellect Design Arena Ltd. (INTELLECT)
   • Buy at ₹899.90
   • Target: ₹935
   • Stop Loss: ₹882

Stock Market Today

For today’s market outlook, Parekh said Nifty is holding near its 50-day EMA around the 25,000 mark and remains in a cautious position. The index has support at 24,700 and needs to break above 25,400 to shift the overall bias to a more positive one.

As for Bank Nifty, after a sharp decline, it found support around 50,200 and is now consolidating between 51,000 and 51,600. It has also sustained near its 100-period moving average around 51,250. The key support for Bank Nifty is at 50,000, while breaking above 51,800 would create stronger confidence in the market.

Keep an eye on these key levels and stocks for today’s trading session!