Stock Market Analysis by Vaishali Parekh

Vice President — Technical Research at Prabhudas Lilladher)

Stock Market Today – Expert View

The Indian equity market extended gains for the fourth straight session, supported by strong global cues and optimism around a streamlined GST structure, which is expected to boost spending and consumption.

The Nifty 50 opened flat but gained strength through the session, hitting an intraday high of 25,012 before consolidating to close at 24,980 (up 103 points or 0.42%). The Sensex settled 370 points higher at 81,644.

Sectoral & Broader Market Trend

Barring pharma, all major indices closed in the green.
Telecom, FMCG, Media, Auto, and Oil & Gas gained between 1% – 2%.
Nifty Midcap 100 rose 0.97% and Smallcap 100 advanced 0.7%, reflecting strong broader participation.

Vaishali Parekh’s Technical View

Nifty 50 Outlook

The index closed above the 50-DEMA resistance (24,815), indicating strength.
Immediate support: 24,800
Resistance: 25,100
A decisive breakout above 25,100 could trigger the next leg of the rally, targeting 25,200 – 25,300 levels.

“Nifty has regained momentum after reclaiming 50-DEMA and retesting the 25,000 mark. The undertone remains positive, and once 25,100 is crossed decisively, higher levels are expected in the near term,” said Vaishali Parekh, VP – Technical Research, Prabhudas Lilladher.

Bank Nifty Outlook

Currently oscillating in a tight range.
Resistance: 56,000 (strong hurdle).
Support: 55,500 – must hold for positive bias.
A breakout above 56,000 could lead to targets of 56,500 – 57,000 in the short term.
Daily expected range: 55,400 – 56,500.

✅ Chanakya’s Take: Market tone remains positive with Nifty holding above key moving averages. Watch for a decisive move beyond 25,100 (Nifty) and 56,000 (Bank Nifty) to confirm further bullish momentum.

Vaishali Parekh’s stock recommendations for 20 August 2025

1] UPL: Buy at Rs.707, Target Rs.750, Stop Loss Rs.690;

2] L&T Finance: Buy at Rs.217, Target Rs.535, Stop Loss Rs.210

FAQs about Vaishali Parekh

Who is Vaishali Parekh?

She is the Vice President of Technical Research at Prabhudas Lilladher, offering daily market outlooks and stock recommendations.

Which stocks did Vaishali Parekh recommend today?

1.Sandur Manganese
2.Latent View Analytics
3.Lloyds Engineering Works

According to Vaishali Parekh, what are the key support and resistance levels for Nifty and Bank Nifty?

Nifty Support: 25,250–25,300; Resistance: around 25,570–25,600, with possible upside to 25,700–26,200.
Bank Nifty Range: support ~56,000; stay within 56,300–57,500 and resistance near 57,600, with upside targets at 58,500–60,000.

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