In a change from recent trends, the nifty mid-cap and small-cap indices broke their winning streak today. The Nifty Mid-Cap 100 Index Fell by 0.49%, While The Nifty Small-Cap 100 Index Went Down by 0.53%. However, market breadth remained decisively positive, with advancing stocks significantly outpacing declining ons, as indicated by a bse advance-declinee ratio of 1.24.
Stock market today
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, BELIEVES The Indian Stock Market Bias has Turned Slightly Cautious as the Nifty 50 Index Slipped AFEX Slipped Affer Hitting Levels. However, the key Benchmark Index has Closed Above 25,116, meaning the positive sentiments remains into. The prabhudas lilladher expert said the 50-strike index is facing a hurdle at 25,200, and the index may soon touch 25,600 after breaking about 25,200 on a closing basis.
Speaking on the outlook of the nifty 50 today, Vaishali Parekh Said, “The nifty 50 index, after consolidating since the last two days, witnessed a Volatile Session With the Initial Half Progrested Ahead to Scale the 25,200 Zones While Post-Lunch Session Succumbed to Profit Booking to End Near On the UPSIDE, the 25,500 level can be expected in the coming sessions on is a breach Above the Hurdle of 25,200 Levels, with Overall Bias Maintained Strong. “
“The bank nifty index has witnessed another session of Profit Booking to Slip Further from the Peak Made Near The 57,000 Zone, and with the 55,800 to 56,000 Band Maintained as the Important Suppt from the Rest Level, The Index is Still in the Strong Territory but would need a decisive breach about the 57,000 level to anticipate for fresh upward move in the coming days to Maintennten
Parekh said that today, support for the nifty is at 25000 levels, while resistance is at 25,300. The bank nifty will have a daily range of 56,000 to 57,200.
Vaishali Parekh’s stock recommendations today
Regarding Stocks to Buy Today, Vaishali Parekh Recommended These Three Buy or Sell Stocks: Lloyds Enterprises, Lupin, and Natco Pharma.
1]lloyds enterprises: Buy at 73, target 83, Stop Loss 70;
2]lupin: Buy at 2028, target 2150, Stop Loss 1980; and
3]Natco pharma: Buy at 935, target 1000, Stop Loss 900.
Disclaimer: The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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