Home / Markets / Stock Markets /  Buy or sell: Vaishali Parekh recommends 3 stocks to buy today — January 25
Back

Buy or sell stocks for today: The choppy trend continued in the market on Tuesday and Indian stocks closed the day on a flat note amidst a range movement. After opening with an upside gap of 83 points, Nifty failed to sustain the opening gains and started to decline from the day's high of 18200 levels soon after the opening and closed near its intraday lows. Bank Nifty index went off 87 points and ended at 42,733 levels whereas BSE Sensex added 37 points and closed at 60,978 mark. Among broad indices, small-cap index went off 0.43 per cent whereas mid-cap index lost 0.30 per cent. Advance-decline ratio ended on Tuesday at 0.66:1.

Intraday trading strategy for Wednesday

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that Nifty is facing tough resistance at 18,200 to 18,250 zone. Prabhudas Lilladher expert anticipated further fluctuation in the markets as all eyes are now set on the Union Budget 2023 outcome. Asked about stocks to buy today, Vaishali Parekh recommended three intraday stocks for today and those three stocks are Can Fin Homes, Tata Motors and HDFC.

Unveiling intraday trading tips for Wednesday, Vaishali Parekh said, "Nifty once again after opening on a positive note near 18200 zone slipped down gradually to close flat with tough resistance witnessed near the 18,200 to 18,250 zone as of now. Now with all eyes focussed mainly on the Budget outcome, we find and anticipates further fluctuations in the market during the intraday session with 18,000 and 17,800 levels maintained as the important and crucial support zones."

"Bank Nifty witnessed a resistance near the 43000 zone once again and slipped gradually to close near the 42,700 levels with HDFC Bank going strong and anticipated for further upward move in the coming sessions. Bank Nifty would have the significant level of 41,600 to 41,700 as the important support zone as of now which it has been maintaining for the time being," Parekh added.

Vaishali Parekh of Prabhudas Lilladher said that support for Nifty is placed at 18,000 while the resistance is seen at 18,250 levels. Bank Nifty would have the daily range of 42,300 to 43,200 levels.

Intraday stocks to buy today

As mentioned above, Vaishali Parekh of Prabhudas Lilladher has recommended three stocks to buy today, here we list out full details in regard to those day trading stocks:

1] Can Fin Homes: Buy at 563, target 583, stop loss 554;

2] Tata Motors: Buy at 422, target 436, stop loss 416; and

3] HDFC: Buy at 2775, target 2840, stop loss 2742.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.

ABOUT THE AUTHOR

Asit Manohar

Chief Content Producer at Live Mint Digital Team
Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less

Recommended For You

GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started

Trending Stocks

×
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout