Buy or sell: Gift Nifty signals gap-down start, Vaishali Parekh recommends three intraday stocks to buy today

retained text

Buy or sell stocks, 4 August 2026: Following improving global market sentiment and sustained institutional buying, which is likely to extend the recent recovery, the key benchmark indices of the Indian stock market are likely to trade on a steady note.
Institutional flows continue to provide a supportive backdrop for domestic equities. Steady buying by Foreign Portfolio Investors (FPIs), alongside sustained inflows from Domestic Institutional Investors (DIIs), has reinforced the market's constructive undertone, with investors now looking for fresh catalysts from global developments and domestic macroeconomic cues.
Investor confidence has been bolstered by signs of easing US-Iran tensions after US President Donald Trump said negotiations with Iran remain underway, describing the current round of talks as the "last chance" to secure a deal. The comments have helped temper fears of a broader regional escalation, while WTI crude oil has stabilised near the $80-per-barrel mark after retreating sharply from its recent highs.
Investor focus this week will primarily remain on the Reserve Bank of India's Monetary Policy Committee (MPC) meeting, which is expected to be the key domestic catalyst. Market participants will closely watch the RBI's stance on interest rates, inflation outlook, and growth commentary, as these could significantly influence banking stocks, bond yields, and overall market direction.
The Gift Nifty Live Price chart is signalling a gap-down opening on Dalal Street, with the index trading around 140 points below yesterday's spot Nifty open.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market may open gap-down, as the Gift Nifty Live price is nearly 140 points below yesterday's spot Nifty close. However, the Prabhudas Lilladher expert predicted the Nifty 50 may open in the 24,650 to 24,675 range.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said the 50-stock index witnessed a strong, optimistic move, decisively breaching the tough hurdle of the 24,450 zone and indicating that strength has paved the way for a further rise in the coming days, with fresh upside targets at 25,000 and 25,400 levels. The index now has the important near-term support zone at 24300, while the 23800 zone is the major and crucial support.
On the outlook for the Bank Nifty today, Vaishali Parekh said the key benchmark index formed a strong bullish candle on the daily chart, decisively closing above the important 200-period MA in the 57,500 zone, with bias and sentiment improving to a much better extent.
“The 56,500 zone shall be the important near-term support, while on the upside, a decisive breach above the hurdle of the 58,600 level shall trigger a breakout and thereafter, one can expect a fresh upward move in the coming days,” said Parekh.
Regarding stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks for intraday trading: Triveni Engineering, Syngene International, and GE Shipping.
1] Triveni Engineering: Buy at ₹232, Target ₹245, Stop Loss ₹227;
2] Syngene International: Buy at ₹402, Target ₹425, Stop Loss ₹390; and
3] GE Shipping: Buy at ₹1398, Target ₹1470, Stop Loss ₹1372.
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).
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

document fetched 2026-08-04 08:45 · canonical https://livemint.com/market/stock-market-news/buy-or-sell-gift-nifty-live-us-iran-news-rbi-mpc-meeting-vaishali-parekh-recommends-three-intraday-stocks-to-buy-today-11785807670629.html