Vaishali Parekh Recommends Three Stocks to Buy Today – February 10, 2025
Vaishali Parekh Recommends Three Stocks: The Indian stock market ended in the red for the third straight session on Friday, February 7, as investors reacted to the Reserve Bank of India’s (RBI) monetary policy announcement. The Nifty 50 index closed 0.18% lower at 23,559.95 points, while the BSE Sensex fell 0.25% to end at 77,860.19 points.
Market experts continue to analyze the short-term trend, and Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, has shared her insights on what traders can expect today. She highlights key levels for Nifty 50 and Bank Nifty and recommends three stocks to buy for potential gains on February 10, 2025.
Stock Market Today: Key Insights from Vaishali Parekh
According to Vaishali Parekh, the Nifty 50 index was highly volatile after the RBI cut key benchmark interest rates by 25 basis points on Friday. The index oscillated between 23,700 and 23,450 before finally closing above the 23,500 level, maintaining a cautiously positive bias ahead of the upcoming Delhi election results.
She predicts that Nifty must decisively break 23,800 to initiate a fresh upward move, targeting 24,100 and 24,600 in the coming days. On the downside, 23,000 remains a critical support level.
Bank Nifty Analysis
Bank Nifty, according to Parekh, has been struggling to surpass the 50,600 level, facing significant resistance. The index closed near 50,150 on Friday, with a cautiously positive sentiment still intact.
- A breakout above 50,600 is crucial for further upward momentum.
- The 200-period moving average at 50,900 remains a strong resistance level.
- Support is seen at 49,700, which must be held for stability.
Support and Resistance Levels for February 10, 2025
| Index | Support Level | Resistance Level |
|---|---|---|
| Nifty 50 | 23,400 | 23,800 |
| Bank Nifty | 49,700 | 50,900 |
Vaishali Parekh’s Top Stock Picks for Today
For traders looking for buying opportunities, Vaishali Parekh has recommended three stocks that have strong technical setups and growth potential.
1. United Spirits Ltd. (UNITDSPR)
- Buy at: ₹1,423
- Target Price: ₹1,460
- Stop Loss: ₹1,390
United Spirits has been trading in an upward trend, with a strong breakout likely above ₹1,460. A sustained move above this level could take the stock higher in the near term.
2. PB Fintech Ltd. (POLICYBZR)
- Buy at: ₹1,724
- Target Price: ₹1,900
- Stop Loss: ₹1,560
PB Fintech is showing strong bullish momentum, and if it sustains above ₹1,750, it may soon hit its first target of ₹1,900.
3. Torrent Power Ltd. (TORNTPOWER)
- Buy at: ₹1,405
- Target Price: ₹1,500
- Stop Loss: ₹1,350
Torrent Power has been witnessing strong buying interest, and technical indicators suggest that it can move towards the ₹1,500 level in the coming sessions.
Financial Ratios for Recommended Stocks
Here is a detailed look at the financial ratios of these stocks to help traders make informed decisions:
| Stock | P/E Ratio | P/B Ratio | ROE (%) | Debt-to-Equity | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|
| United Spirits | 52.4 | 12.3 | 18.5 | 0.5 | ₹1,498 | ₹1,152 |
| PB Fintech | 78.9 | 6.7 | 12.1 | 0.2 | ₹1,920 | ₹1,210 |
| Torrent Power | 24.6 | 4.5 | 16.3 | 0.8 | ₹1,525 | ₹1,050 |
Market Outlook for the Week
- Bullish Triggers: If Nifty breaks 23,800, we could see a rally towards 24,100 and 24,600 levels.
- Bearish Risk: If Nifty slips below 23,400, further selling pressure may emerge, testing 23,000 support.
- Sector Focus: Banking and power sectors could witness increased trading activity based on technical levels.
Final Thoughts
The stock market remains highly volatile, but technical analysis suggests that traders can look for buying opportunities in select stocks like United Spirits, PB Fintech, and Torrent Power.
Investors should keep a close watch on Nifty’s movement around 23,800 and Bank Nifty’s resistance at 50,600 to gauge market direction. Following a disciplined trading approach with stop losses is crucial in the current market scenario.
Key Takeaways:
✅ Nifty needs to break 23,800 for fresh bullish momentum.
✅ Bank Nifty resistance at 50,600 is crucial for further uptrend.
✅ United Spirits, PB Fintech, and Torrent Power are top buys for today.
✅ Traders should maintain stop losses to manage risk effectively.
With a cautiously optimistic outlook, traders should stay alert to key levels and global cues as the market gears up for the week ahead.
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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.