Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today 23 December 2025

By Admin

23 Dec, 2025

Indian stock market outlook today

The Indian stock markets are expected to open on a flat to mildly positive note on Tuesday, supported by stable global cues. GIFT Nifty indicates a calm start around the 26,200–26,250 zone. Trading volumes are likely to remain subdued due to the holiday-shortened week, leading to selective participation rather than broad-based buying.

Sector-wise, financials, IT, and metals are expected to provide directional cues. Improving global risk sentiment, selective participation from foreign institutional investors, and expectations of a supportive policy environment heading into 2026 are likely to support the market. However, elevated valuations and thin liquidity during the holiday period call for a disciplined approach, with buy-on-dips strategies preferred over aggressive positions.

Nifty 50 and Bank Nifty technical view

According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, market sentiment has strengthened as the Nifty 50 continues to sustain above the crucial 26,000 mark.

She noted that the Nifty 50 opened with a strong gap-up above 26,000 and extended gains steadily through the session. Broad-based participation has improved, signalling the potential for further upside in the coming days. The index has held firmly above the 50-day exponential moving average near the 25,750 zone, indicating strong underlying support. Based on the current setup, the Nifty 50 has a near-term upside target of 26,450, with the overall undertone remaining positive.

For the Bank Nifty, Parekh highlighted that the index continued its upward momentum, closing near the 59,300 level. She expects further upside once the index decisively breaks above the 60,000 mark, which would confirm strength and conviction. With sentiment improving, the Bank Nifty could move towards targets of 61,300 and 62,700 in the coming sessions. Strong support is placed near the 50-day exponential moving average at around 58,500.

Key levels to watch today

For the Nifty 50, immediate support is placed at 26,050, while resistance is seen near 26,350. The Bank Nifty is expected to trade within a daily range of 59,000 to 59,800.

Vaishali Parekh’s intraday stock recommendations for today

Based on technical indicators and market structure, Vaishali Parekh has recommended the following three stocks for intraday trading today:

Indian Bank
Buy at ₹788
Target ₹820
Stop Loss ₹778

Varun Beverages
Buy at ₹486
Target ₹505
Stop Loss ₹475

RVNL (Rail Vikas Nigam Limited)
Buy at ₹332
Target ₹345
Stop Loss ₹327

Conclusion

With benchmark indices holding above key support levels and sentiment showing improvement, selective intraday opportunities are emerging despite muted holiday volumes. Traders are advised to stay disciplined, respect stop-loss levels, and focus on high-conviction setups rather than aggressive positioning.

Disclaimer

This article is for educational purposes only. The views and recommendations mentioned are those of individual analysts or broking companies and do not represent the views of Mint. Investors are advised to consult certified financial advisors before making any investment decisions.