Expert Analyst Vaishali Parekh Recommends Top 3 Stocks to Buy Today – May 23: Insights on BTC, ETH, and XRP

<ul>
  <li>The domestic benchmark indices, the Sensex and the Nifty 50, closed higher on Wednesday as gains were supported by consumer stocks and heavyweight Reliance Industries.</li>
  <li>Domestic IT stocks scaled on hopes of rate cut hints from the Federal Reserve minutes.</li>
  <li>On Wednesday, the fear gauge India VIX fell 1.6% to 21.5, indicating minimal volatility in the Indian stock market.</li>
</ul>
<p><strong>Get the latest insights on the stock market's performance, driven by consumer stocks and key players like Reliance Industries, with expert analysis on future trends and investment opportunities.</strong></p>

<h2><strong>Nifty 50 Outlook by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher</strong></h2>
<p>According to Parekh, the Nifty 50 has witnessed a steady rise in the last 3–4 sessions, reaching the 22,600 zone with bias maintained positive and with active participation witnessed from the broader markets as well in recent times. The index can carry on with the positive move for the next target of 22,900 level in the coming days, with 22,300 level as the important support zone.</p>

<h3><strong>Bank Nifty Outlook</strong></h3>
<p>Bank Nifty witnessed some profit booking to slip towards the support zone of 47,400 levels but recovered to end near the 47,800 zone to restore the lost sentiment. The index needs to decisively move past the 48,300 zone to establish conviction for a further rise till 49,600 and 49,900 levels. The support for the day is seen at 22,450 levels, while the resistance is seen at 22,700 levels. Bank Nifty would have a daily range of 47,500–48,200 levels.</p>

<h3><strong>Vaishali Parekh's Stocks to Buy Today</strong></h3>
<p>Vaishali Parekh recommended three stocks for today — TD Power Systems Ltd, Granules India Ltd, and Westlife Foodworld Ltd.</p>
<p>Buy TD Power Systems Ltd at ₹352.10 with a stoploss of ₹345 and a target of ₹368.</p>
<p>Buy Granules India Ltd at ₹426.80 with a stoploss of ₹418 and a target of ₹447.</p>
<p>Buy Westlife Foodworld Ltd at ₹866.90 with a stoploss of ₹848 and a target of ₹900.</p>

<h3><strong>Conclusion</strong></h3>
<p>The stock market showed positive momentum with significant contributions from consumer stocks and key players like Reliance Industries. With the Nifty 50 and Bank Nifty indices displaying resilience, investors can look forward to potential gains in the coming sessions. Expert recommendations provide actionable insights for informed investment decisions.</p>