Indian stock markets saw a dip on September 5, with key indices Sensex and Nifty 50 closing in the red due to weak global cues. Nifty 50 closed down 0.21% at 25,145.10 points, while the BSE Sensex ended 0.18% lower at 82,201.16 points.
Vaishali Parekh, VP of technical research at Prabhudas Lilladher, shared her stock recommendations for today. She noted that while Nifty showed gains earlier, it’s now consolidating around 25,150 with a cautiously positive outlook. She expects Nifty 50 to have support at 25,000 and resistance at 25,300. Bank Nifty is expected to trade between 51,000 and 52,000.
Vaishali Parekh’s 3 Stock Picks for Today:
- Exide Industries Ltd. (EXIDEIND):
- Buy at ₹495
- Target: ₹520
- Stop Loss: ₹485
- Indian Oil Corporation Ltd. (IOC):
- Buy at ₹181
- Target: ₹186
- Stop Loss: ₹177
- Kansai Nerolac Paints Ltd. (KANSAINER):
- Buy at ₹310
- Target: ₹330
- Stop Loss: ₹298
Parekh suggests a positive but cautious approach to today’s market, focusing on these three stock opportunities.
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