Buy or sell: Vaishali Parekh recommends three stocks to buy today — 14 March 2025 | Stock Market News

Buy or sell stocks: Following weak global market sentiments after the US stock market crash, the Indian stock market ended lower on Thursday. The Nifty 50 index finished 73 points lower at 22,397, the BSE Sensex ended 200 points lower at 73,828, while the Bank Nifty index ended marginally higher at 48,060. Auto and IT sector stocks declined, dragging down the markets. Reliance Industries Ltd. contributed most to the index decline, decreasing 0.7%, while Shriram Finance Ltd. experienced the most significant drop, falling 2.7%.

Nifty Realty, Media, and Financial Services lost the most among sectoral indices, while the Bank Nifty and PSU Bank indices closed in positive territory. Cash market volumes on the NSE decreased by 15% compared to the previous day. The Nifty Midcap and Smallcap 100 indices underperformed relative to Nifty, with additional losses of 0.75% and 0.98%, respectively. For the fourth consecutive day, declining shares outnumbered advancing ones, resulting in a BSE advance-decline ratio 0.62.

Stock market today

Vaishali Parekh, Executive Director at Prabhudas Lilladher, believes the Indian stock market is cautiously positive as the Nifty 50 index is close to its crucial support at 22,300 to 22,250. The Prabhudas Lilladher expert said the 50-stock index is facing hurdles at 22,550, whereas 22,000 is a crucial support for the frontline index.

Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index, during the intraday session, amid volatility, found resistance near the 22,550 zone and slipped with profit booking seen to end near the 22,400 zone with once again the index precariously placed and having the bias maintained with a cautiously positive approach. As mentioned earlier, the index has the crucial and important support zone of 22,000, which needs to be sustained, and on the upside; as mentioned earlier, only a decisive breach above 23,000 shall establish conviction to expect further rise ahead.”

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“The Bank Nifty index continues to move sideways, overall sustaining above the crucial support zone of 47,800 and as mentioned earlier, with most of the frontline banking stocks looking well poised for further upward move, we expect the index to gain strength in the coming days. The index would need a decisive breach above the 50EMA zone of 49,500 to improve the bias and trigger further rise in the coming days,” said Parekh.

Parekh said that today, the Nifty’s support is at 22,300, while the resistance is at 22,600. The Bank Nifty will have aa daily range of 47,600 to 48,600.

Vaishali Parekh’s intraday stock recommendations

Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Godawari Power, ELGI Equipments, and Dr Reddy’s Laboratories.

1] Godawari Power: Buy at ₹172, target ₹182, stop loss ₹167;

2] ELGI Equipments: Buy at ₹444, target ₹465, stop loss ₹430; and

3] Dr Reddy’s Laboratories: Buy at ₹1109, target ₹1160, stop loss ₹1080.

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.