These Vaishali Parekh shares you should buy today

Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher, believes that the Nifty 50 index remained above the crucial 24,000-mark despite trading rangebound throughout the week. The Prabhudas Lilladher expert maintained that the 50-share index is facing a hurdle at 24,400 and a fresh uptrend can be assumed once the top index crosses the 24,750-mark on a closing basis.

In terms of stocks to buy today, Vaishali Parekh recommends three stocks to buy or sell: Samvardhan Motherson, ABFRL and Gabriel India.

Stock market today

Commenting on Nifty outlook today, Vaishali Parekh said, “The Nifty 50 index witnessed a range trading during the week, holding the strong support zone at 24,000 while 24,400 acted as a resistance barrier which needs to be broken decisively to build conviction for further advance in the coming days. The index needs to fill the gap with the next initial target expected at 24,750 and as the bias improves, we expect further gains in the coming week.”

“The Bank Nifty index remained range-bound during the week with support held near the key 100-period MA of 49,500 and a decisive break above the 51,000 level would be required to instill conviction for further upside thereafter,” Parekh said.

Buy or sell Vaishali Parekh shares

1) Samvardhan mother’s son: Buy at ₹187.75, target ₹196, Stop Loss ₹184;

2) ABFRL: Buy at ₹324.70, target ₹340, Stop Loss ₹317; and

3) Gabriel India: Buy at ₹503.55, target ₹528, Stop Loss ₹492.

Disclaimer: The views and recommendations above are those of individual analysts or brokerage firms and not of Mint. We advise investors to seek advice from certified professionals before making any investment decisions.