Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, has identified three stocks with potential buying opportunities for today’s trading session. Despite a volatile start, the Indian stock market saw marginal gains on Monday, with the Nifty 50 closing above 23,500 points and the Sensex finishing higher at 77,341 points. Parekh emphasised that for a strong rally, the Nifty needs to decisively breach the 23,650 mark.
Key Insights:
Parekh recommended the following stocks:
- Oberoi Realty: Buy at ₹1907, with a target of ₹2000 and a stop loss at ₹1865.
- United Spirits: Buy at ₹1298.35, targeting ₹1355, with a stop loss set at ₹1275.
- FSL: Buy at ₹214, aiming for ₹224, and set a stop loss at ₹209.
She highlighted that Nifty’s immediate support stands at 23,400 levels, with resistance at 23,700 levels, while the Bank Nifty is expected to trade between 51,300 and 52,100 levels for the day.
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.
