Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 18

  • Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — SBI Life, Kiri Industries, and Delhivery

Asit Manohar
Updated18 Jun 2024, 08:19 AM IST
Stock market today: Overall Indian stock market trend is strong, and the Nifty 50 index is heading towards its next target of 23,800, believes Vaishali Parekh of Prabhudas Lilladher.
Stock market today: Overall Indian stock market trend is strong, and the Nifty 50 index is heading towards its next target of 23,800, believes Vaishali Parekh of Prabhudas Lilladher.(Photo: Courtesy Prabhudas Lilladher)

Buy or sell stocks for today: The Indian stock market continued to move into a narrow range movement with a positive bias and ended higher on Friday last week. The Nifty 50 index gained 66 points and closed at 23,465, while the BSE Sensex surged 181 points and ended at 76,992. The Bank Nifty index finished 155 points higher at 50,002. Cash market volumes on the NSE were higher at Rs.1.35 lakh crore. The broad market indices rose more than the Nifty even as the advance-decline ratio fell to 1.39:1.

Vaishali Parekh's stocks to buy today

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes that the overall Indian stock market trend is strong, and the Nifty 50 index is heading towards its next target of 23,800. The Prabhudas Lilladher expert said the Bank Nifty today is facing a hurdle at 50,200. She noted that by decisively breaching this resistance, the Nifty Bank index may touch 51,000 in the near term.

Regarding stocks to buy today, Vaishali Parekh recommended three buy or sell stocks for today — SBI Life, Kiri Industries, and Delhivery.

Stock market today

On the outlook for Nifty today, Vaishali Parekh said, "Nifty during the week consolidated with 23,450 zones capped on the upper end and support maintained near 23,200 zones with stability maintained after the high fluctuations witnessed a week before. With the overall trend maintained strong, the index is heading towards the next near-term target of 23,800 levels with the 23,200 zone maintained as the strong base."

"The Bank Nifty index has been quite sluggish with 50,200 levels acting as a resistance barrier and would need a decisive breach above that zone with a near-term target of 51,000 visible and after that, with strength sustaining, can achieve 52,400 and 53,500 levels in the coming days," said Parekh.

Parekh went on to add that the Nifty today has immediate support at 23,300 while resistance is seen at 23,600. The Bank Nifty would have a daily range of 49,700 to 50,400.

Buy or sell stocks by Vaishali Parekh

1] SBI Life: Buy at 1470, target 1540, stop loss 1440;

2] Kiri Industries: Buy at 337.60, target 352, stop loss 330; and

3] Delhivery: Buy at 406.45, target 426, stop loss 397.

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

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.MoreLess

News in Numbers

Numbers that help you understand news better
₹68,885 Cr

3.15L

48%

₹6.7 T

$240.5 M

$459 M

$3 B

₹588.25 Cr

₹20,000 Cr

7.93 Cr

₹8,943 Cr

10%

20 Yrs

First Published:18 Jun 2024, 08:19 AM IST
HomeMarketsStock MarketsBuy or sell: Vaishali Parekh recommends three stocks to buy today — June 18

Most Active Stocks

Tata Steel

157.75
03:43 PM | 19 JUL 2024
-8.6 (-5.17%)

Tata Power

414.15
03:59 PM | 19 JUL 2024
-15.85 (-3.69%)

Bharat Electronics

306.30
03:45 PM | 19 JUL 2024
-7.2 (-2.3%)

Zee Entertainment Enterprises

137.55
03:57 PM | 19 JUL 2024
-4.9 (-3.44%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Tata Teleservices Maharashtra

102.11
03:59 PM | 19 JUL 2024
4.68 (4.8%)

Rail Vikas Nigam

614.00
03:59 PM | 19 JUL 2024
27.65 (4.72%)

Jubilant Pharmova

752.25
03:43 PM | 19 JUL 2024
25.3 (3.48%)

One 97 Communications

458.70
03:55 PM | 19 JUL 2024
13.65 (3.07%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    76,272.001,173.00
    Chennai
    76,124.001,465.00
    Delhi
    75,533.001,021.00
    Kolkata
    75,089.00-450.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanBudget