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Vaishali Parekh Recommends Three Stocks for Tuesday Intraday Trading
Vaishali Parekh suggested three stocks that traders could consider buying for Tuesday’s intraday trading.
The stocks are Eternal, Urban Company, and Rain Industries.
She gave a buying price, a possible target price, and a stop-loss price for each stock.
A stop-loss is a level where traders may exit to limit losses.
The Indian market rose on Monday after some investors bought shares that had recently fallen.
The Nifty and Sensex both finished higher.
Parekh said the Nifty is recovering but still needs to move above 23,800 to show stronger momentum.
She also said 23,000 is an important support level for the Nifty.
Vaishali Parekh recommended Eternal, Urban Company, and Rain Industries for intraday trading on Tuesday, 22 September.
Her recommendations included buy prices of ₹335.90 for Eternal, ₹173.40 for Urban Company, and ₹212.18 for Rain Industries.
The targets were ₹352 for Eternal, ₹182 for Urban Company, and ₹223 for Rain Industries.
The Nifty rose 0.29% to close at 23,414, while the Sensex gained 0.81% to 74,894 on Monday, 21 September.
Parekh said the Nifty needs to cross 23,800 for stronger conviction, while 23,000 is important near-term support.
- Who
- Vaishali Parekh, Vice President–Technical Research at Prabhudas Lilladher, and traders considering her recommendations.
- What
- Parekh recommended Eternal, Urban Company, and Rain Industries for intraday trading.
- Where
- The Indian stock market.
- When
- The recommendations were for Tuesday, 22 September, following trading on Monday, 21 September.
- Why
- The recommendations were based on Parekh’s technical market outlook and were intended for intraday trading.
Positive Market View
Cautious Market View
Near-term market direction
Positive Market View
The Nifty was recovering from around 23,100 and closed above 23,400, while the Sensex and Nifty both gained.
Cautious Market View
Underlying geopolitical tensions capped the market’s upside, and the Nifty still needed to cross 23,800 to establish stronger conviction.
Nifty outlook
Positive Market View
A move above 23,800 could support further gains, while a breach above 24,000 would turn the overall bias positive.
Cautious Market View
The 23,000 level remained crucial support, meaning a decline below that zone could weaken the near-term setup.
Bank Nifty outlook
Positive Market View
A decisive move above 57,300 could improve the bias, while a breach above 58,500 could trigger a breakout and a fresh positive trend.
Cautious Market View
Bank Nifty remained near 56,500 after recovering from around 55,700 and still faced a significant hurdle at 57,300.
Key facts
- Analyst
- Vaishali Parekh, Vice President–Technical Research at Prabhudas Lilladher
- Eternal trade
- Buy at ₹335.90; target ₹352; stop-loss ₹328
- Urban Company trade
- Buy at ₹173.40; target ₹182; stop-loss ₹169
- Rain Industries trade
- Buy at ₹212.18; target ₹223; stop-loss ₹208
- Nifty close
- 23,414, up 0.29% on Monday, 21 September
- Sensex close
- 74,894, up 0.81% on Monday, 21 September
- Nifty levels
- Support at 23,000; Parekh identified 23,800 as the level needed for stronger conviction and 24,000 as an important hurdle
Sources
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