Don’t Miss Out: Vaishali Parekh’s Top Stock Picks for Today!

After a significant surge, the BSE Sensex closed at an all-time high of 75,418.04, marking a record-breaking day for the stock market. The Nifty 50 also showed strength, nearing the 23,000 mark.

Market Highlights

  • The market witnessed a surge in investor wealth, with gains amounting to ₹4.28 lakh crore.
  • Optimism prevailed among investors due to positive sentiments surrounding the election outcome and strong macroeconomic factors, including the RBI’s record dividend distribution.
  • The rural consumption surge reported by the RBI boosted sectors like auto, NBFCs, and FMCG companies.
  • India became the fifth country to achieve a market capitalization of over $5 trillion.

Nifty 50 Outlook by Vaishali Parekh

According to Parekh, the Nifty 50 index has shown a clear breakout, touching the psychological milestone of 23,000. The momentum is expected to continue, targeting levels of 23,200 and 23,700 in the coming days, with strong support around 22,550.


Bank Nifty Outlook

The Bank Nifty is showing strength, breaching crucial resistance levels and aiming for further gains to reach levels of 49,600 and 50,400. Support is seen at 48,400, with a daily range of 48,400–49,300.

Vaishali Parekh’s Stock Recommendations

Vaishali Parekh suggests considering three stocks for today:

  1. Axis Bank Ltd: Buy at ₹1,165, with a stoploss at ₹1,143 and a target of ₹1,200.
  2. Birlasoft Ltd: Buy at ₹616, with a stoploss at ₹602 and a target of ₹644.
  3. IndusInd Bank Ltd: Buy at ₹1,440.85, with a stoploss at ₹1,412 and a target of ₹1,500.

Nifty and Bank Nifty Spot Index

  • Nifty: Support at 22,800, Resistance at 23,200.
  • Bank Nifty: Support at 48,400, Resistance at 49,300.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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