🕗 Last Update: 2 October 2026, 7.00 PM
Nifty Outlook: Key Support at 21,800; Vaishali Parekh’s Three Stock Picks
Indian benchmark indices declined sharply during the shortened trading week. Nifty 50 fell 3.10%, while the Sensex lost nearly 2,000 points. Broad sectoral selling weighed on sentiment, with the Consumer and Auto indices declining 6.15% and 5.85%, respectively.
Why Did the Stock Market Weaken?
Selling at higher levels persisted throughout the week. Nifty formed a long bearish candle on the weekly chart, while intraday charts showed successive lower highs and lower lows. These patterns indicate continued weakness in the near-term trend.
What Are the Key Nifty Support and Recovery Levels?
According to Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, Nifty’s immediate support lies near 22,200, followed by the more significant 21,800 level. A decisive breach of 21,800 could accelerate selling.
Nifty approached its previous low around 22,180 before recovering modestly to close just above 22,400. Parekh considers market sentiment weak and says a sustained move above 23,000 is needed to signal a recovery.
| Nifty Level | Technical Significance |
|---|---|
| 22,200 | Immediate support |
| 21,800 | Major support; a decisive break could intensify selling |
| 23,000 | Sustaining above this level would support a recovery |
Which Three Stocks Has Vaishali Parekh Recommended?
Parekh’s stock recommendations for Monday include CG Power, Graphite India and Mrs. Bectors Food Specialities.
| Stock | Recommended Buy Price | Target | Stop Loss |
|---|---|---|---|
| CG Power | Rs. 879 | Rs. 930 | Rs. 860 |
| Graphite India | Rs. 786 | Rs. 825 | Rs. 770 |
| Mrs. Bectors Food Specialities | Rs. 213 | Rs. 227 | Rs. 208 |
The above recommendations and technical levels are attributed to Vaishali Parekh of Prabhudas Lilladher
She is the Vice President of Technical Research at Prabhudas Lilladher, offering daily market outlooks and stock recommendations.
For 26 May 2026, she has recommended
Tata Power, SRF, and Ujjivan Small Finance Bank.
for 26 May 2026
According to Vaishali Parekh, Vice President – Technical Research at Prabhudas Lilladher, Bank Nifty may now target the 57,000 zone, which coincides with the important 200-period moving average resistance level.
Vaishali Parekh recommended the following three intraday trades for today:
Meesho, Max Financial Services, and GIPCL.
Vaishali Parekh recommended 3 stocks to buy right now-
Tata Power, SRF, and Ujjivan Small Finance Bank.