Buy or sell: Vaishali Parekh recommends three stocks to buy today — 26 March 2025 | Stock Market News

Buy or sell stocks: Despite positive global cues, the Indian stock market witnessed a tumultuous session on Tuesday due to sharp selling in banking, metal, and pharmaceutical stocks. However, the Indian stock market managed to end higher for the seventh straight session. Among frontline indices, Nifty 50 and the BSE Sensex ended marginally higher, whereas the Bank Nifty index shed 97 points and closed at 51,607. The Nifty 50 index finished at 23,668. HDFC Bank shares bolstered the 50-stock index, rising 1.2%, while UltraTech Cement led top gainers with a 3.4% surge.

NSE cash market volumes surged by 13% compared to the 10-day average, indicating heightened trading activity. Midcap and Smallcap indices witnessed profit booking after six consecutive sessions of gains. The Nifty Midcap 100 index retreated 1.06%, and the Nifty Smallcap 100 index corrected by 1.56%. The advance-decline ratio on the NSE turned negative at 0.30, signalling more decliners than advancers after six days of positive breadth.

Stock market today

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is still positive. The Prabhudas Lilladher expert said the Indian stock market would remain a buy-on-dips market until the Nifty 50 index exceeds 23,500. She noted Tuesday’s dip in Indian indices from their respective highs should be seen as profit-booking after a continuous rise for six straight sessions.

Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, “The Nifty 50 index, after witnessing a significant gain of almost 1500 points in the last six sessions, took a breather finding resistance near 23,850 zones and with some profit booking seen ended the session on a flat note near 23,670. The index has improved the trend overall with sentiment improving. With a short period of consolidation with near-term support positioned near the 23,500 zone, we can anticipate another round of upward move with targets of 24,200 and 24,700 expected in the coming days.”

“The Bank Nifty index, after the strong move from the 48,000 zone, has scaled 52,000 in the past six sessions, finding resistance and taking a halt has slipped down with some profit booking witnessed. The overall bias has been maintained strong, with near-term support positioned near the important 200 period MA at 51,000, which needs to be sustained as of now. On the upper side, the targets of 52,500 and 53,800 are still open, with the frontline banking stocks well poised for further gains in the coming days,” said Parekh.

Parekh said that today, the Nifty’s support is at 23,500, while the resistance is at 23,900. The Bank Nifty will have a daily range of 51,200 to 52,200.

Vaishali Parekh’s stock picks

Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Dabur India, Birla Corporation, and Medico Remedies.

1] Dabur India: Buy at ₹508, target ₹535, stop loss ₹490;

2] Birla Corporation: Buy at ₹1090, target ₹1200, stop loss ₹1040; and

3] Medico Remedies: Buy at ₹48.70, target ₹55, stop loss ₹45.

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.