Buy or sell: Gift Nifty signals gap-up start, Vaishali Parekh recommends three stocks to buy today — 21 August 2026

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Buy or sell indicator: The key benchmark indices of the Indian stock market are expected to remain cautious despite breaking their recent losing streak, as elevated crude oil prices and renewed global risk aversion continue to weigh on sentiment. The Gift Nifty live index is trading nearly 90 points above yesterday's spot Nifty 50 close, which may attract Dalal Street bulls.
The Gift Nifty index is trading around 24,325, signalling a gap-up opening when the Indian market opens. Bulls may have a sigh of relief as the Gift Nifty live chart is trading above yesterday's close as well.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Indian stock market may have a gap-up opening. She said the Nifty 50 index move past the 100-DEMA decisively, which also augurs positive news for Dalal Street bulls.
Speaking on the outlook for the Nifty 50 today, Vaishali Parekh said, the 50-stock index witnessed a gap up opening above the 24,225 zone and moved past the important 100-DEMA at the 24,211 level to further improve the bias and ended the session on a positive note with the 24,400 zone as the important hurdle that needs to be breached decisively further to establish conviction and clarity in the coming days. The Nifty 50 index would have the important support positioned near the 24,000 zone, which needs to be respected to maintain the overall bias intact.
On the outlook of the Bank Nifty today, Vaishali Parekh said, the key benchmark index witnessed a positive gain and closing above the 57,450 level with bias improving, and would need to sustain above the 58,000 zone in the coming sessions to establish conviction and clarity.
“The Bank Nifty index would have the near-term support at the 50-DEMA level at the 57,200 zone, which needs to be sustained. The support for the day is seen at 24,100 levels, while the resistance is seen at 24,400 levels. Bank Nifty would have the daily range of 57,000-58,000 levels,” said Parekh.
Regarding buy-or-sell stocks for intraday trading, Vaishali Parekh recommended three stocks to buy today: Hindustan Zinc, DCB Bank, and Glenmark Pharma.
1] Hindustan Zinc: Buy at ₹573.90, Target ₹600, Stop Loss ₹562;
2] DCB Bank: Buy at ₹188.60, Target ₹200, Stop Loss ₹184 and;
3] Glenmark Pharma: Buy at ₹2332, Target ₹2450, Stop Loss ₹2290.
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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