3 weeks ago
Gift Nifty Flat; Parekh Recommends Three Intraday Stocks to Buy
On a recent trading day, the stock market in India had a quiet, mixed session.
The Nifty 50, an index that tracks many of India's biggest companies, ended almost unchanged.
The Sensex, another famous index, posted a small gain.
A market expert named Vaishali Parekh studied the price charts.
She thinks the market will open flat, meaning about where it closed.
But she stays positive and expects prices to rise toward 25,000 and 25,500 in the coming days.
She picked out three stocks she thinks are good to buy for the day: Shriram Finance, BEL, and Bharat Dynamics.
For each stock, she gave a buy price, a target price, and a stop loss.
A stop loss is a price level where you sell so you do not lose too much money.
She also said that if the market dips, investors could see it as a chance to buy.
The Indian stock market ended mixed on Thursday, with the Nifty 50 largely unchanged and the Sensex posting a modest gain.
Gift Nifty oscillated around 24,650 in a tight 24,642–24,681 range, pointing to a flat opening.
Vaishali Parekh of Prabhudas Lilladher recommended three intraday buys: Shriram Finance, BEL, and Bharat Dynamics.
Parekh expects Nifty targets of 25,000 and 25,500, with near-term support near 24,400 and resistance at the 200-period moving average of 24,750.
Bank Nifty closed just above 58,000; a decisive break above the 58,600 resistance could trigger a fresh upward move.
Parekh advised investors to treat any dip as an opportunity for value buying while the overall bias stays positive.
- Who
- Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, offering guidance to Indian stock market investors.
- What
- A flat-market outlook with three intraday stock buy recommendations (Shriram Finance, BEL, and Bharat Dynamics) plus technical levels for the Nifty 50 and Bank Nifty.
- Where
- Indian stock market (Dalal Street), covering the Nifty 50, Sensex, and Bank Nifty indices.
- When
- For the trading session of 7 August 2026, following a mixed close in the previous session.
- Why
- To help investors act on stock-specific opportunities while the benchmark indices trade flat with a positive bias.
Key facts
- Gift Nifty level
- Around 24,650; range 24,642–24,681
- Nifty 50 close/opening
- Spot close 24,636; expected opening range 24,625–24,650
- Nifty support/resistance
- Support near 24,400; resistance at 200-period MA of 24,750
- Nifty upside targets
- 25,000 and 25,500
- Bank Nifty levels
- Closed just above 58,000; support at 50-EMA of 57,000; resistance at 58,600
- Shriram Finance
- Buy ₹1,141 | Target ₹1,180 | Stop loss ₹1,120
- BEL
- Buy ₹399 | Target ₹420 | Stop loss ₹390
- Bharat Dynamics
- Buy ₹1,299 | Target ₹1,360 | Stop loss ₹1,272
Quotes
Vaishali Parekh
Vice President of Technical Research, Prabhudas Lilladher
“"The Nifgty 50 index would have the near‑term support positioned near the 24,400 zone which needs to be sustained to maintain the overall bias intact whereas on the upside, a decisive breach above the important 200-period MA at 24,750 zone shall trigger for fresh upward move," she said.”
livemint.com
Sources
Related news
Vaishali Parekh Recommends Three Stocks Amid Cautious Market Outlook
Gift Nifty Signals Flat Start Amid US-Iran Hormuz Uncertainty
Motilal Oswal's Chandan Taparia recommends three stocks to buy today
Motilal Oswal Analyst Recommends Three Stocks Amid Muted Market
Sumeet Bagadia recommends five breakout stocks to buy Friday
NSE derivatives turnover falls below ₹200 lakh crore in August
Indian Stocks Extend Three-Day Losing Streak as Oil Rises
Vodafone Idea Shares Rise as Brand Revamp Draws Investor Attention
Augmont Enterprises Rises Despite Gold-Buying Appeal and Market Risks
BSE Shares Fall as New Closing Auction Session Draws Scrutiny
