Vaishali Parekh names three stocks, outlines cautious index outlook

Vaishali Parekh suggested three stocks that traders could consider buying soon.

They are Samvardhana Motherson International, Zuari Industries and GHCL Textiles.

She gave a buying price, a possible target price and a stop-loss price for each stock.

A stop-loss is a level where a trader may exit to limit losses.

Parekh said the Nifty index was moving sideways but stayed above 23,000.

She said Nifty could become weaker if it falls below that level.

Bank Nifty also ended slightly higher but still needed stronger momentum.

She said Bank Nifty must hold 54,500 and rise above 56,700 to improve its outlook.