Buy or sell stocks: With both the Nifty 50 and Bank Nifty holding key support levels but encountering stiff overhead resistance, the India stock market sentiment remains cautious amid elevated geopolitical tensions, renewed tariff-related concerns, and continued foreign portfolio outflows. Against this backdrop, the broader market is likely to open flat to range-bound, tracking mixed cues from global markets.
Near-term direction will hinge on early follow-through above key resistance levels. Until a decisive breakout emerges, trading activity is expected to remain selective, with participants favoring stock-specific opportunities over broad-based positioning, especially as December-quarter earnings from index heavyweights begin to trickle in from next week.
stock market today
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment is cautious to positive as the Nifty 50 index is sustaining above the immediate support placed at 26,000 and the 50-DEMA support placed at 25,900. The Prabhudas Lilladher expert stated that the 50-stock index needs to sustain above this support level to strengthen the bull’s conviction and potentially reach 26,500 in the near term.
Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, “The Nifty 50, once again witnessed a sluggish session, finding resistance near the 26,180 zone during the intraday session and with a gradual drag, ended near the 26,140 zone with a doji pattern visible on the daily chart, with bias still maintained intact. With IT stocks among the major gainers, the index would have the major support. positioned near the 50-DEMA level of 25,900 zone as mentioned earlier, which needs to be sustained to maintain the overall bias intact, whereas on the upside, the target of the 26,500 level is expected.”
On the outlook of the Bank Nifty index, Parekh said, “The Bank Nifty index amid slight volatility erased some of the gains with overall rangebound movement visible to end the session near the 60,000 zone with bias still maintained positive and hoping for a revival in the coming sessions, with the index having the important support positioned near the 50-DEMA level at 58,700 zone, which needs to be sustained and as of now and once the near-term support at around 59,500 level is sustained, we can expect for further continuation of the upward move.”
Parekh stated that immediate support for the Nifty 50 index is located at 26,000, while the resistance level is at 26,300. The Bank Nifty is expected to have a daily range of 59,700 to 60,500.
Vaishali Parekh’s stock recommendations today
Regarding intraday stocks to buy today, Vaishali Parekh recommended three buy-or-sell stocks: Bharat Bijlee, Larsen and Toubro, and TCS.
1]India Electricity: Buy at 2865,Target 3050, Stop Loss 2800.
2]Larsen and Toubro: Buy at 4149 4300, Stop Loss 4080.
3]TCS: Buy at 3270,Target 3500, Stop Loss 3200.
Gold and silver rates today
Spot gold and silver prices hit one-week highs of $4,497/oz and $81.40/oz, supported by safe-haven inflows after the US capture of Venezuela’s president heightened geopolitical uncertainty. Meanwhile, silver’s surge of more than 6% was further buoyed by China’s silver export controls and Trump’s threats to resource-rich nations, such as Greenland, Cuba, and Mexico, following strikes on Venezuela, underscoring the intensifying competition for critical resources. The rally in silver prices has been sustained since last year, amid a growing structural supply-demand imbalance, constrained mine output, and rising industrial usage, as supply remains limited.
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.
