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Vaishali Parekh Recommends Three Stocks Amid Market Selloff
Indian shares fell sharply on September 24.
The Nifty 50 and Sensex both lost more than 1.5%.
Smaller and mid-sized companies fell even more.
Investors were worried about higher global bond yields and changing crude-oil prices.
Technical analyst Vaishali Parekh still identified three stocks for possible intraday trades on September 25.
Her picks were GAIL, Texmaco Rail and HBL Engineering.
She gave a buying price, a possible target, and a stop-loss price for each stock.
She also warned that the overall market could fall further if important support levels break.
The article contains a mismatch because one market outlook passage refers to the Nifty near 23,000, while the reported close was 25,169.50.
Vaishali Parekh recommended GAIL, Texmaco Rail and HBL Engineering for intraday trading on September 25.
Her recommended trade levels were ₹173, ₹126 and ₹774, respectively, with specific targets and stop-losses.
The Nifty 50 fell 1.64% to 25,169.50, while the Sensex declined 1.67% to 73,580 on September 24.
Broader-market losses were steeper, with the Nifty Midcap 100 down 2.57% and the Nifty Smallcap 100 down 2.25%.
Parekh said rising global bond yields and crude-oil volatility hurt sentiment, while identifying key support and resistance levels for the Nifty and Bank Nifty.
- Who
- Vaishali Parekh, Vice President–Technical Research at Prabhudas Lilladher, and investors in Indian equities.
- What
- Parekh recommended three intraday stock trades while providing a cautious technical outlook after a broad market decline.
- Where
- The Indian stock market.
- When
- The recommendations were for September 25, following trading on September 24.
- Why
- Investor sentiment weakened amid surging global bond yields and volatility in crude-oil prices; Parekh cited technical support and resistance levels for the expected market direction.
Cautious Market Outlook
Selected Stock Opportunities
Overall direction
Cautious Market Outlook
Parekh said the Nifty formed a bearish candle, breached a previous low and could face further selling if the 23,000 support zone fails.
Selected Stock Opportunities
Despite the broader market weakness, Parekh recommended buying GAIL, Texmaco Rail and HBL Engineering for intraday trading.
Key levels
Cautious Market Outlook
For the Nifty, Parekh identified 22,600 and 22,200 as subsequent supports and 23,600 as important resistance. For Bank Nifty, she cited 54,500 and 53,000 as supports.
Selected Stock Opportunities
The three stock recommendations included defined upside targets and stop-loss levels to limit potential losses.
Key facts
- Analyst
- Vaishali Parekh, Vice President–Technical Research at Prabhudas Lilladher
- Trade date
- September 25
- GAIL trade
- Buy at ₹173; target ₹182; stop-loss ₹168
- Texmaco Rail trade
- Buy at ₹126; target ₹140; stop-loss ₹120
- HBL Engineering trade
- Buy at ₹774; target ₹810; stop-loss ₹750
- Nifty 50 close
- 25,169.50, down 1.64%
- Sensex close
- 73,580, down 1.67%
- Market discrepancy
- The article reports the Nifty close at 25,169.50 but later describes an outlook near the 23,000 zone.
Sources
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