Vaishali Parekh Recommends 3 Stocks to Buy Despite Trump's Tariff Move on India
📊 Market Outlook by Vaishali Parekh
According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the market remains in a consolidation phase. The Nifty 50 is struggling to breach the key 25,000 level and faces crucial support at 24,500.
“A decisive break above 25,000 is needed to improve market sentiment. But if the index slips below 24,500, panic selling could follow,” says Parekh.
The Bank Nifty, too, is range-bound, with support at 56,000 and resistance near 57,400. Traders are awaiting signals from the US Fed’s next move, which could influence near-term direction.
📈 Vaishali Parekh’s Stock Picks for July 31, 2025
Here are three stocks recommended for buying despite the cautious sentiment in the market:
1. VETO
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Buy Price: ₹127
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Target: ₹135
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Stop Loss: ₹123
Reason to Buy: Technical indicators suggest a breakout above the near-term resistance. Volume trends are positive.
2. FACT (Fertilisers and Chemicals Travancore)
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Buy Price: ₹965
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Target: ₹1000
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Stop Loss: ₹950
Reason to Buy: FACT is showing strong bullish momentum and could benefit from sectoral tailwinds in chemicals and fertilizers.
3. Havells India
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Buy Price: ₹1525
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Target: ₹1585
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Stop Loss: ₹1500
Reason to Buy: Havells continues to look strong on charts with consistent support around the ₹1500 mark, indicating buying interest.
⚠️ Final Word of Caution
While these stocks look technically promising, the market continues to face uncertainty from global cues like Trump’s new tariff policies and the US Fed's upcoming decisions.
Disclaimer: These stock ideas are for informational purposes only. Please consult a financial advisor before making any investment decisions.
📌 Summary
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Nifty 50 resistance: 25,000
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Nifty 50 support: 24,500
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Bank Nifty range: 55,700 – 56,800
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Stocks to watch: VETO, FACT, Havells India
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Reference from:- https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-to-buy-despite-trumps-tariff-on-india-11753928356550.html