Finance Desk – The Indian stock market had a strong start on Tuesday, but due to news about Iran breaking the ceasefire, the gains didn’t last long. By the end of the day, the market was almost flat.
Here’s how the major indices closed:
- Nifty 50 gained 72 points and ended at 25,044
- BSE Sensex rose by 158 points to close at 82,055
- Bank Nifty went up by 402 points, finishing at 56,461
Top gainers included Adani Ports, JIOFIN, and Shriram Finance, while ONGC, Power Grid, and IndusInd Bank were among the losers. Trading activity was high — with 23% more volume on the NSE compared to the previous day.
What Vaishali Parekh Says:
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said that the market is reacting to the Israel-Iran conflict. Despite the tension, Nifty staying above 25,000 is still a positive sign, though traders should remain cautious.
She noted that Nifty touched 25,300 in early trade but lost momentum later. A clear move above 25,250 could signal more growth. On the downside, 24,500 is a key support level.
As for Bank Nifty, it crossed 56,800 during the day but slipped back. Parekh believes a move above 57,000 could lead to a fresh rally. It must stay above 55,400 to keep the positive sentiment alive.
Nifty and Bank Nifty Today:
Nifty support: 24,800 | Resistance: 25,250
Bank Nifty range: 56,000 – 57,000
Vaishali Parekh’s Stock Picks for Today:
Here are three stocks she suggests buying today:
KPI Green Energy
Buy at: ₹493
Target: ₹515
Stop Loss: ₹482
DCW
Buy at: ₹75.90
Target: ₹79
Stop Loss: ₹74
Ashoka Buildcon
Buy at: ₹207.20
Target: ₹217
Stop Loss: ₹203
So, if you’re watching the market closely, these are the stocks to keep on your radar today!
