Vaishali Parekh Recommends Three Intraday Stocks for Today – 28 February 2025
Market Overview
Vaishali Parekh Recommends : Indian stock market investors faced another challenging session on Thursday, marking the seventh consecutive day of wealth erosion. The Nifty 50 index closed marginally lower at 22,545, while the BSE Sensex managed to add 10 points, ending at 74,612. On the other hand, the Bank Nifty index gained 135 points, closing at 48,743.
Despite these marginal gains, the broader market continued to experience selling pressure, significantly underperforming benchmark indices. For the fourth straight session, declining stocks outnumbered advancing ones, with the BSE advance-decline ratio hitting 0.32, the lowest since February 14.
However, NBFCs and select banks saw a boost after the Reserve Bank of India (RBI) rolled back the increase in risk weights on bank loans to non-banking financial companies. This policy shift helped NBFC stocks rally as investors responded positively to the news.
Stock Market Outlook
Commenting on the current market scenario, Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, shared her insights on the Nifty 50 and Bank Nifty indices:
- Nifty 50: The index had a muted session on Thursday due to F&O expiry pressures. It closed near the 22,500 zone, creating a cautious market sentiment. The key support level for Nifty stands at 22,300, while a breakout above 22,800 could improve market bias.
- Bank Nifty: The index showed a slightly positive bias, but it struggled to breach the 49,000 resistance level. Although it climbed during the session, last-hour fluctuations dragged it back to 48,700. To continue its upward move, Bank Nifty must decisively break the 50 EMA resistance at 49,750. If the index falls below 48,300, it may experience strong selling pressure.
For today, Parekh suggests watching the Nifty’s movement between 22,300 and 22,800, while Bank Nifty’s range is expected to be 48,000 to 49,500.
Vaishali Parekh’s Intraday Stock Recommendations
For 28 February 2025, Vaishali Parekh has suggested three intraday stock recommendations for traders:
1. Adani Green Energy (SELL)
- Entry Price: ₹808
- Target Price: ₹770
- Stop Loss: ₹835
2. State Bank of India – SBI (SELL)
- Entry Price: ₹702
- Target Price: ₹680
- Stop Loss: ₹720
3. ICICI Bank (SELL)
- Entry Price: ₹1,220
- Target Price: ₹1,200
- Stop Loss: ₹1,240
These recommendations indicate a bearish outlook, signaling that traders should look for selling opportunities in these stocks.
Financial Ratios and Key Metrics
Here’s a comparative analysis of the recommended stocks based on key financial ratios:
| Stock | Market Cap (₹ Cr.) | P/E Ratio | ROE (%) | Debt-to-Equity Ratio | 52-Week High (₹) | 52-Week Low (₹) |
|---|---|---|---|---|---|---|
| Adani Green Energy | 1,72,000 | 130.5 | 8.2 | 2.1 | 1,250 | 730 |
| SBI | 6,50,000 | 11.4 | 15.3 | 0.65 | 740 | 565 |
| ICICI Bank | 6,30,000 | 18.2 | 16.5 | 1.12 | 1,265 | 875 |
Key Takeaways for Traders
- Market Caution Continues: With ongoing selling pressure in broader markets, traders should be cautious with new positions.
- Nifty 50 Needs a Breakout: A move above 22,800 is required for a bullish trend; otherwise, downside risks remain high.
- Bank Nifty at Crucial Resistance: A decisive break above 49,750 could trigger further gains, while a fall below 48,300 might accelerate selling.
- Intraday Trading Strategy: Vaishali Parekh’s recommendations focus on short-selling opportunities, indicating a bearish bias in today’s market.
Final Thoughts
As the market remains under pressure, traders must monitor key support and resistance levels. Nifty’s ability to hold above 22,300 and Bank Nifty’s reaction near 49,000 will be critical for intraday movement.
With expert insights from Vaishali Parekh, today’s session demands a cautious approach. Traders should set stop losses and closely track market trends before executing trades.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.