Buy or sell: Gift Nifty signals a flat start. Vaishali Parekh recommends three intraday stocks to buy today

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Buy or sell stocks: The key benchmark indices of the Indian stock market are expected to trade with a cautious bias as uncertainty surrounding US-Iran negotiations over the reopening of the Strait of Hormuz continues to weigh on global risk sentiment. The renewed geopolitical uncertainty has triggered a rebound in crude oil prices, contributing to a weaker close on Wall Street and a subdued start across Asian markets, setting a cautious backdrop for domestic equities.
Investor sentiment remains restrained as negotiations appear to have entered a more complex phase. US President Donald Trump has called for compensation from Iran, while Tehran has reiterated conditions for reopening the Strait of Hormuz, raising doubts over the timing and durability of any potential agreement. Until greater clarity emerges, markets are likely to remain headline-driven, with investors reluctant to take aggressive directional positions.
WTI crude oil continues to hold on to its recent gains, trading near the $82-per-barrel mark as uncertainty surrounding the Strait of Hormuz negotiations keeps a geopolitical risk premium embedded in energy prices.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Gift Nifty live price is signalling a flat opening on Dalal Street, as the index is oscillating around yesterday's spot Nifty close. However, she maintained that a decisive move above the important 200-period MA at the 24700 zone is necessary to trigger a breakout rally.
Speaking on the outlook for the Nifty 50 index, Vaishali Parekh said the 50-stock index continues to move within a narrow range and once again hovered near the 24600 zone, with consolidation visible. Overall, to witness a flat session, closing near the 24600 level, with bias maintained in a positive approach as of now.
“A decisive move above the important 200-period MA at the 247,00 zone is necessary to trigger a breakout, and thereafter, expect a fresh upward move in the coming days, whereas the near-term important support is positioned near the 24,400 level, which needs to be sustained to maintain the overall bias,” she said.
On the outlook of the Bank Nifty index, Vaishali Parekh of Prabhudas Lilladher said, the key benchmark index continues to struggle with a tight, narrow range-bound session, closing on a flat note near the 57,700 level, just sustaining above the important 200-period MA at the 57,500 level with bias maintained with a positive approach as of now.
“The Bank Nifty index, as we have been mentioning, would need a decisive breach above the tough resistance hurdle at the 58,500 zone, whereas it would have the near-term support zone near the important 50-EMA level at the 57,000 zone, which needs to be sustained to maintain the overall bias intact,” said Parekh.
Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks for intraday trading: APL Apollo Tubes, Tata Consumer Products, and NRB Bearings.
1] APL Apollo Tubes: Buy at ₹2020, Target ₹2100, Stop Loss ₹1980;
2] Tata Consumer Products: Buy at ₹1108, Target ₹1160, Stop Loss ₹1090; and
3] NRB Bearings: Buy at ₹478, Target ₹510, Stop Loss ₹468.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Asit Manohar has nearly two decades of experience in the mainstream media. In this period, he has served esteemed media organisations like NDTV Profit, The Economic Times, and Zee Business. He has been working at LiveMint Digital since April 2021. During these two decades of journey in mainstream media, Asit has mainly covered external affairs, markets and personal finance. However, his earliest beats include railways, SME, MSME, and politics (Congress beat). Some of his features on political, economic, and foreign policy are documented in the parliamentary records. <br><br> While pursuing his MA (Mass Communication, Session 2004-06), Asit began his media career as a stringer at All India Radio in Varanasi. At AIR Varanasi, Asit worked with the Gyanvani, Yuvvani and Vividh Bharti teams. After working for nearly one year at AIR Varanasi, he shifted to print journalism and started working as a stringer for the HT Media Ltd, Varanasi. At HT Media Ltd in Varanasi, he covered the BHU beat. <br><br> Asit has also worked with some brokerage houses. He has worked with Religare Broking and India Infoline, where he assisted the research team in developing and executing trade strategies for intraday cash, F&O, and commodities. <br><br> Asit is a Gold Medalist in MA (Mass Communication) from BHU, Varanasi. He did his BSc. (Hons) in Mathematics from Magadh University, Bodh Gaya. Asit was a National Talent Scholarship holder during his senior secondary studies (1988-91).
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