Vaishali Parekh suggests three stocks to purchase today, October 23

 Vaishali Parekh suggests three stocks to purchase today, October 23

Buy or sell stocks today: On Friday last week, the Indian stock market closed down for the third straight day as a result of negative global market signals. The 30-stock BSE Sensex index corrected 231 points to end at 65,397, while the Bank Nifty index concluded 31 points down at 43,723 levels. The Nifty 50 index dropped 82 points to settle at 19,542 levels. On the last session of the previous week, the mid-cap index fell by almost 1% while the small-cap index fell by 0.76 % on the overall market.

Monday's intraday trading plan

According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, emotions on Dalal Street have become more sober. But according to Prabhudas Lilladher, an analyst, the Nifty 50 index has managed to hold above 19,500 levels. Vaishali Parekh suggested buying three companies today: Bajaj Holdings, MTAR Technologies, and New India Assurance.

This week, Sumeet Bagadia suggests purchasing three stocks.

Regarding the prognosis for the Nifty today, Vaishali Parekh said, "Nifty once again had a gap down beginning with a dismal intraday session. Crucial support of the 19,500 zone has been preserved as of now and is still in a vulnerable position with mood maintained with a cautious attitude. It is vital that the index maintains its 19,500-level hold; a break below that level will result in more intense selling pressure.

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"Bank Nifty" saw a limited rangebound session, circling about the 43,700 to 43,800 zone over the last two sessions with a little weaker bias. The short-term key support zone is located around 43,400 levels. According to Parekh, a clear break below the 43,400 zone would weaken the overall trend and allow for a further down below 42,000 levels.

The critical support for Nifty today is currently located at 19,400 levels, while the resistance is projected around 19,700 levels, said Parekh. The daily range for Bank Nifty will be between 43,400 and 44,000 levels.

Buy Bajaj Holdings today at 7055; set a target price of 7400; and place a stop loss at 6940.

Buy MTAR Technologies at 2732, with a target price of 2890 and a stop loss of 2670; and

3] New India Assurance: Buy at 149 with a target price of 160 and a stop loss of 146.