Buy or sell indicator for 18 August 2026: Amid soaring crude oil prices due to the escalating tension in the Middle East, the key benchmark indices of the Indian stock market are expected to trade cautiously. The Gift Nifty live chart is also signalling a flat-to-negative opening, with the index trading around 24,300, about 70 points below yesterday’s close. However, the index is around yesterday’s spot Nifty close of 24,287. Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, is also predicting a flat opening. Vaishali Parekh recommended three stocks to buy today — Chennai Petroleum Corporation, Godrej Properties, and TVS Motor Company.
What Gift Nifty live chart signalling?
The GIFT Nifty futures are trading near the 24,300 mark, suggesting a largely flat opening for domestic equities, compared with the Nifty’s previous close of 24,287. The index is down by around 70 points from its previous close of 24,375.
Stock market today
Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said the 50-stock index witnessed a volatile session, hitting a low of 24,225 and thereafter recovering to close near the 24,300 zone, with the overall bias slightly weakening and the index slipping in a gradual slide.
“The Nifty 50 index would continue to have the important support of the 24,000 zone and would anticipate a decent revival to sustain the bias. On the upside, the important 200-period MA at the 24,700 zone would be the resistance hurdle which needs to be crossed decisively,” said Parekh.
On the outlook of the Bank Nifty today, Vaishali Parekh of Prabhudas Lilladher said, the key benchmark index, still gripped near the important 200-period MA of 57,500 level, has been hovering within a tight range and has managed to sustain above the important 50-EMA level at 57,200 zone with overall bias maintained with a cautiously positive approach.
“The Bank Nifty index would need a decisive breach above the tough resistance hurdle at the 58,600 zone, whereas the important and major support would be positioned near the 100-period MA at the 56,000 level, which needs to be sustained to maintain the trend intact,” the Prabhudas Lilladher expert said.
Vaishali Parekh’s stock recommendations for today
As mentioned above, Vaishali Parekh has recommended three stocks to buy today — Chennai Petroleum Corporation, Godrej Properties, and TVS Motor Company.
1] Chennai Petroleum Corporation: Buy at ₹1382, Target ₹1450, Stop Loss ₹13352;
2] Godrej Properties: Buy at ₹2054, Target ₹2150, Stop Loss ₹2010; and
3] TVS Motor Company: Buy at ₹4385, Target ₹4560, Stop Loss ₹4300.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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