Buy or sell: Vaishali Parekh recommends three intraday stocks for today — 27 March 2025 | Stock Market News

Buy or sell stocks: After a seven-day rally, the Indian stock market paused on Wednesday, with the BSE Sensex and the Nifty 50 sliding into negative territory as investors awaited clarity on potential US tariffs. The market’s momentum stalled as traders digested recent gains and assessed geopolitical uncertainties. The sharp and rapid rise prompted caution among traders, triggering a sell-off in heavyweight stocks across the banking, IT, and metals sectors.

The Nifty Mid-cap and Small-cap indices continued profit-taking for the second consecutive day. The Nifty Midcap 100 index fell by 0.62%, while the Nifty Small-cap 100 index corrected by 1.07%. The BSE’s advance-decline ratio stood at 0.30, indicating broader market weakness. Except for Nifty Auto, which marginally ended in green, all sectoral indices closed in the red. Nifty Media, Oil/Gas, Realty, and Healthcare emerged as the most significant losers during the session.

Stock market today

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is positive, as the Nifty 50 index is still above 23,500. The Prabhudas Lilladher expert said the market mood would remain buy-on-dips until the frontline index is above 23,000.

Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index, after failing to capitalise on the positive opening session, was subjected to profit booking to cool off after the strong rally witnessed in the last week to end the session near 23,500 zone with bias still maintained positive as of now. The index would have the crucial and major support zone near the 23,000 zone, with the 50-EMA positioned near 23,100. It would need to sustain above this indicator to maintain the overall sentiment intact.”

“The Bank Nifty index witnessed a gradual slide during the intraday session to end near the 50,200 zones with the near-term support maintained near the important 200 period MA at 51,000 zone and with overall bias maintained intact, we can anticipate a further revival in the coming days provided the significant 100 period MA at 50,350 level is sustained as of now,” said Parekh.

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Parekh said that today, support for the Nifty is at 23,300, while resistance is at 23,700. The Bank Nifty will have a daily range of 50,800 to 51,800.

Vaishali Parekh’s stock picks

Regarding intraday stocks for today, Vaishali Parekh recommended these three buy or sell stocks: Jio Financial Services, Reliance Infrastructure, and Solar Industries.

1] Jio Financial Services: Sell at ₹223, target ₹212, stop loss ₹226;

2] Reliance Infrastructure: Buy at ₹254, target ₹280, stop loss ₹240; and

3] Solar Industries: Buy at ₹10955, target ₹11600, stop loss ₹10600.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.