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Vaishali Parekh names three near-term stock picks with price levels
The technician said the Nifty remained rangebound near the 23,000 support zone, with potential next tests at 22,600 and 22,200 if that level fails.
LiveMint Markets says Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, recommended three stocks for the near term: Samvardhana Motherson International, Zuari Industries, and GHCL Textiles.
The outlet said Parekh’s calls included specific buy levels, target levels, and stop-loss levels for each of the three stocks.
LiveMint Markets also cited her view on market conditions, saying the Nifty sustained the 23,000 zone in a rangebound session and moved to end near the 23,150 level.
According to LiveMint Markets, Parekh flagged 23,600 as an upside resistance area to be breached decisively, and said if 23,000 fails the index could next test 22,600 and 22,200.