Expert Analysis: Vaishali Parekh’s Top 3 Stock Picks for Today – May 24 | BTC, ETH, and ADA Insights

  <li>Buy or sell stocks for today: With advances in financial stocks, the domestic benchmark indices, the Nifty 50 and the Sensex, reached new closing highs on Thursday.</li>
  <li>The central bank's record dividend to the government also raised prospects of a drop in the country's fiscal deficit.</li>
  <li>After recording its largest daily gain since January 29, the 30-share BSE Sensex finished at an all-time high of 75,418.04, up 1,196.98 points, or 1.61%, from the previous close, regaining the 75,000 mark.</li>
<p><strong>Discover the latest developments in the stock market as the Nifty 50 and Sensex hit record highs, driven by financial stocks and central bank dividends.</strong></p>
<h2><strong>Nifty 50 Outlook by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher</strong></h2>
<p>According to Parekh, Nifty 50 has indicated a clear breakout above the previous peak zone of 22,800 levels and raced almost to touch the psychological 23,000 landmark to create history once again, with most of the frontline stocks gaining momentum to help the index take charge. The bias is maintained very strongly and can carry on with the positive move till the month end, expecting next targets of 23,200 and 23,700 levels in the coming days, with major support maintained near the 22,550 zone as of now.</p>
<h3><strong>Bank Nifty Outlook</strong></h3>
<p>Bank Nifty is maintaining the support zone of 47,400 levels, has gained strength, and has breached above the crucial zone of 48,300 levels to establish conviction, improving the bias, and can expect a further rise to 49,600 and 50,400 levels in the coming days. The support for the day is seen at 22,800 levels, while the resistance is seen at 23,200 levels. Bank Nifty would have a daily range of 48,400–49,300 levels.</p>
<p>The stock market's recent performance, highlighted by the Nifty 50 and Sensex reaching new highs, underscores the positive sentiment driven by financial stocks and central bank dividends. Investors should watch for key support and resistance levels in the coming days, as well as potential targets for further gains. The outlook remains optimistic, with strong momentum expected to continue.</p>
Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News


PRO Analysis

Gideon Wolf
Gideon Wolf
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

Bitcoin Poised for Positive Move in July 2024: Eric Crown’s Market Analysis

Leading crypto analyst Eric Crown has recently discussed predictions for Bitcoin's performance in July 2024. Historically, July...

BNB Price Analysis: Bullish Patterns Signal Potential Recovery Amid Bearish Sentiments

BNB's price has seen a decline of more than 3% over the last week. Despite the recent...

Ethereum’s (ETH) MVRV Surge Signals Potential Altcoin Market Rally: CryptoQuant Analysis

The Ethereum (ETH) on-chain metric points to a possible surge in the altcoin market, as analyzed by the firm CryptoQuant. Notably,...