Explore Aarti Industries, IGL, and Other Stocks Suggested by Vaishali Parekh for Today's Trading Opportunities

For the third day in a row, the front-line indices Nifty 50 and Sensex closed higher yesterday, helped by positive global cues. The volatility index saw a significant decline, suggesting that market players are optimistic about the short-term outlook.

The Sensex completed the day with a little gain of 90 points, or 0.12%, at 73,738.45, as gains in shares of several heavyweights like ITC, Bharti Airtel, and Infosys were mostly offset by losses in shares of Reliance Industries. The Nifty 50 closed at 22,368, up by 32 points.

The India VIX, a fear indicator that predicts how much the Nifty 50 index will fluctuate over the next 30 days, dropped 20% and is now close to the level of 10. The small-cap index increased by 1.05 percent, while the mid-cap index of the BSE increased by 0.52%.

Vaishali Parekh, Vice President in Technical Research at Prabhudas Lilladher, said that for Nifty 50, ‘’The zone around 22,000 shall remain the important support from current levels, expecting further rise.” According to the Prabhudas Lilladher analyst, the zone around 46,800 levels would continue to be a crucial support zone for the Bank Nifty index at this time.

Vaishali Parekh suggested IGL, Grasim Industries, and Aarti Industries as the three intraday stocks to buy today. Invest in IGL at ₹448.50 with a target price of ₹468 and a stop-loss at ₹438. Consider buying Grasim Industries at ₹2,370. Aim for a target of ₹2,480 while setting a stop-loss at ₹2,320. Aarti Industries looks promising for investment at ₹740.95. Set a target price of ₹770 and a stop-loss at ₹725.

The Nifty 50 index shows that the resistance is located at 22,500 levels, while the support is located at 22,200 levels for the day. The daily range for Bank Nifty would be between 47,500 and 48,500 levels.