Vaishali Parekh Recommends Top 3 Stocks to Buy Today as Nifty 50 & Sensex Rebound – Check Intraday Trading Tips

India’s stock market showed signs of recovery after a recent dip. The Nifty 50 index rose by 0.88%, closing at 25,013.15 points, up from its previous close of 24,795.75. The BSE Sensex index also gained 0.72%, ending the day at 81,634.81 points, compared to 81,050 at the previous close.

Vaishali Parekh’s Stock Picks for Today

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that the Nifty saw a strong rebound, closing above the 25,000 mark, which brought some relief to investors. However, she still advises caution. Parekh expects the Nifty 50 to find support at 24,800 points and face resistance at 25,200 points. The Bank Nifty index is predicted to move between 50,500 and 51,500 today.

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For October 9, Vaishali Parekh recommends buying these three stocks:

1. Infosys Ltd. (INFY): Buy at ₹1,945, with a target price of ₹2,000 and a stop loss of ₹1,900.
2. Bombay Dyeing and Manufacturing Co. Ltd. (BOMDYEING): Buy at ₹221, targeting ₹245, with a stop loss of ₹205.
3. Tata Chemicals Ltd. (TATACHEM): Buy at ₹1,092, with a target price of ₹1,150 and a stop loss of ₹1,060.

Stock Market Outlook for Today

Parekh commented that after six straight losing sessions, Nifty bounced back to close above the 25,000 mark, providing some relief. However, she cautioned that the market will remain cautious unless Nifty breaks through the 25,450 level, with strong support at 24,400 points.

For the Bank Nifty, Parekh highlighted that the index recovered to close above 51,000, with major banking stocks rebounding. To maintain a positive trend, Bank Nifty needs to surpass the 51,800 mark, with key support at 49,600 points.

For today’s trading, the Nifty 50 has support at 24,800 and resistance at 25,200, while the Bank Nifty is expected to trade between 50,500 and 51,500 points.