Buy or sell: Vaishali Parekh recommends three stocks to buy today — 5 June 2025

The Indian stock market recently exhibited signs of recovery after experiencing losses over three consecutive sessions. On June 5, 2025, the Nifty 50 index closed higher by 77 points at 24,620, while the BSE Sensex soared 260 points, concluding at 80,998. In addition, the Bank Nifty index added 76 points, bringing its close to 55,676. Prominent gainers included companies like Eternal, Jio Financial, and IndusInd Bank; in contrast, stocks such as Bajaj Finserv, Trent, and Eicher Motors suffered declines.

Mid-cap and small-cap indices showcased impressive performance compared to the benchmark indices, with the Nifty Midcap 100 Index rising by 0.71% and the Nifty Small-cap 100 Index advancing by 0.79%. The market breadth has remained positive for three consecutive days, as evidenced by a BSE advance-decline ratio of 1.10, highlighting a trend of gaining stocks outnumbering those in decline.

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, expressed a cautiously optimistic outlook for the Indian stock market. She indicated that, as long as the Nifty 50 remains above 24,500, the market may continue on a positive trajectory. However, the benchmark index is experiencing a minor hurdle at the 24,800 level, with crucial resistance identified at the psychological mark of 25,000. A breakthrough above this level could set the stage for the index to approach 25,400.

Reflecting further on the Nifty 50’s performance, Parekh noted the index sustained a significant support level around the 24,500 zone. The trading session was characterized by a narrow range, ultimately closing slightly in the green. She emphasized the necessity of a decisive breach above the 25,000 mark to trigger a fresh upward movement. Conversely, if the Nifty were to break below 24,500, it could lead to a weaker market bias, with the 200-period moving average at 24,050 serving as a significant support level below.

Shifting focus to the Bank Nifty, Parekh observed that it has been trading in a narrow band for quite some time and highlighted the need for a decisive breakout above 55,800. Establishing this as a new benchmark could facilitate an upward shift, particularly in anticipation of the Reserve Bank of India’s policy announcements in upcoming sessions. In terms of immediate support and resistance levels, Parekh outlined that the Nifty is positioned at 24,500 for support and 24,800 for resistance, while the Bank Nifty operates within a range of 55,300 to 56,200.

In light of current market conditions, Vaishali Parekh has recommended three stocks to consider for buying today: Belrise Industries, TVS Supply Chain Solutions, and NALCO.

1. Belrise Industries is recommended as a buy at ₹97, with a target price of ₹105 and a stop-loss set at ₹95. This stock’s potential for growth mirrors the broader market’s optimism.

2. TVS Supply Chain Solutions comes highly recommended with a buy price of ₹132, a target of ₹140, and a stop-loss at ₹128. The supply chain dynamics within the industry continue to show promise, making this stock a favorable consideration.

3. NALCO is another attractive option, suggested for purchase at ₹182 with a target price of ₹190 and a stop-loss of ₹179. This recommendation suggests an optimistic outlook based on NALCO’s recent performance and market positioning.

As always, it’s essential to proceed cautiously in the stock market. The recommendations made by Vaishali Parekh reflect individual analyst insights and should be considered alongside personal research or consultation with certified financial advisors.

The context of the stock market often fluctuates due to various economic indicators, regulatory changes, and sector-specific developments. Keeping an eye on these factors is crucial for making informed decisions. With the anticipation of upcoming economic policies and market movements, investors may find numerous opportunities for strategic investments.

In summary, while the Indian stock market has shown signs of recovery, ongoing vigilance and research are essential for navigating these turbulent waters. The insights provided by experts like Vaishali Parekh can serve as valuable guidance in identifying strategic stocks to buy today, enhanced by an awareness of immediate support and resistance levels within the market. Always remember the necessity of aligning any investment decision with one’s financial goals and risk tolerance.

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