Buy or Sell: Vaishali Parekh recommends 3 stocks to buy ahead of budget speech

intraday trading strategy on budget 2023 date

Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher is of the view that mid-cap and small-cap stocks witnessed huge return on the eve of Budget 2023 as the market is expecting a positive outcome from the Union Budget today. Prabhudas Lilladher expert said market bias has improved ahead of Budget 2023 announcements but predicts range bound movement ahead of final announcements. On stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommends three day trading stocks to buy FM nirmala sitharaman starts his budget 2023 speech and those are the three intraday stocks for today Tata MotorsRailtel and VRL Logistics,

Unveiling the day’s trading strategy on Budget 2023 date, Vaishali Parekh said, “On the eve of Budget session, Nifty index showed steady movement near 17600-17650 zone, while mid-cap and small-cap counters were very positive. Active participation seen. Pullback in anticipation of positive outcome from announcement.”

Parekh said that Bank Nifty saw a good recovery from 40,150 area, showed correction in bias and closed on a better note near 40,650 area before budget and a decisive move beyond 41,600 area will strengthen the trend and clearly suggest an upside move. can expect. directional gait.

“All eyes are waiting for the Union Budget announcement, volatility and uncertainty and it is advised to trade once confirmation and clarity is established. Support for smelly Today can be seen at 17,500 while resistance can be seen at 17,800 level. Vaishali Parekh said, the daily range of Bank Nifty will be in the range of 40,000 to 41,200.

stocks to buy today

As mentioned above, Vaishali Parekh of Prabhudas Lilladher has recommended three intraday stocks ahead of the start of the Budget 2023 speech, here we list down the complete details of those intraday stocks for today:

1]Tata Motors: buy on 452, target 570 stop loss 444;

2]RailTel: buy on 124.50, Target 130, stop loss 122; And

3]VRL Logistics: buy on 535, target 557 stop loss 525.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We advise investors to do due diligence with certified experts before making any investment decision.