📷 Image Credits: Mint
In today’s volatile market, Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, shares her recommendations for stock investors looking to make profitable trades. The Indian stock market saw a mix of gains and losses, with Nifty 50 index ending marginally higher at 23,264 and BSE Sensex closing 33 points lower at 76,456. Vaishali Parekh highlighted the key resistance levels for Nifty 50 index and Bank Nifty index for potential bullish trends. She emphasized the importance of breaching resistance zones for a fresh upward move in the market.
Vaishali Parekh suggested three stocks for investors to consider: Can Fin Homes, Indian Oil Corporation (IOC), and M&M Finance. She provided specific buy prices, targets, and stop-loss levels for each stock recommendation. Parekh’s strategic insights into these stocks’ potential growth and market movement aimed to guide investors in making informed decisions.
With a keen eye on market trends, Parekh outlined the support and resistance levels for the Nifty and Bank Nifty indices. Her technical analysis of the market landscape provided a roadmap for traders to navigate the current market conditions effectively. Investors were advised to monitor the support zones and potential resistance levels to capitalize on trading opportunities.
As the market continues to evolve, Parekh’s recommendations offered a glimpse into the stock market’s future outlook. Her expertise in technical research and market analysis aimed to empower investors with the knowledge needed to navigate the complexities of stock trading in the current market scenario. By following Parekh’s expert advice, investors could potentially enhance their trading strategies and capitalize on the dynamic nature of the stock market trends.
