Stocks to Buy: Vaishali Parekh, vice president of technical research at Prabhudas Lilladher, believes that the Nifty 50 index is facing a resistance at 24,450. He said that to keep the trend of Indian stock market positive, Nifty will have to remain above 24,000. He said that Bank Nifty is resisting near 52,600 zone for the last 2-3 sessions and there is support near 52,000 zone.
Talking about the stocks to buy today, Vaishali Parekh told Live Mint that you can buy Hindustan Petroleum Corporation Limited, ICICI Prudential Life Insurance Company and MFSL.
Vaishali Parekh’s shares
1]HPCL: Buy at ₹335, target at ₹350 and stop loss at ₹327. That means, exit when the stock reaches this level.
2]ICICI Pru Life Insurance: Buy at ₹660.75, target ₹692 and stop loss at ₹644.
3]MFSL: Buy at ₹1037.75, target at ₹1085, stop loss at ₹1015.
Share market can create history again today, global signals say
How will the stock market move?
Parekh said, “After good rally, Nifty is resisting near 24,450 zone and was subject to some profit-booking till 24,150 zone, but some bullish correction was seen near 24,300 zone. “Further downside is expected as Bank Nifty index is in 51,000 zone.” Parekh further said that Nifty today has immediate support at 24,200, while resistance is at 24,500. Today’s range of Bank Nifty will be from 51,800 to 52,600.
,Disclaimer: The recommendations, suggestions, views and opinions of the experts are their own and not those of Live Hindustan. Here only information about the performance of the share is given, it is not investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.)
