Buy or sell: Vaishali Parekh recommends three stocks to buy despite Trump's tariff on India

By Admin

31 Jul, 2025

The Indian stock market continued its cautious path on Wednesday, with indices witnessing another corrective session. Despite uncertainty looming over the markets following former US President Donald Trump's announcement of tariffs on India, renowned technical analyst Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, has identified opportunities for selective buying.

Market Overview: Nifty 50 Struggles at 24,900

The Nifty 50 index opened strong but struggled to surpass the 24,900 mark, triggering profit booking and sliding to a low of 24,772 mid-session. However, a late recovery helped the index close slightly higher at 24,855, gaining 34 points (0.14%). Sector-wise, pressure was visible in media, auto, and realty stocks, with losses ranging from 0.5% to 1%.

On the other hand, IT and FMCG sectors offered marginal gains of around 0.3%, signaling some investor interest in defensive plays. Meanwhile, broader markets remained subdued the Nifty Midcap 100 ended flat, and the Nifty Small Cap 100 declined by 0.5%.

Parekh’s Market Sentiment and Outlook

Vaishali Parekh emphasized that the Nifty 50 continues to face resistance near the 50-DEMA zone, around the 24,900 level, and a decisive breach above 25,000 is required to improve market sentiment and see a stronger uptrend. However, the crucial support at 24,500 must hold to avoid triggering panic selling.

On Bank Nifty, Parekh noted that the index is trading within a narrow range. With 56,000 as a key support level, the market is waiting for global cues, such as the US Fed’s announcement, to define a clearer direction. The next resistance zone is near 57,400, and a breakthrough could drive fresh bullish momentum.

• Nifty 50 Support: 24,700
  
  

• Nifty 50 Resistance: 25,000
  
  

• Bank Nifty Range: 55,700 – 56,800
  
  

Despite Tariff Uncertainty: 3 Stock Picks by Vaishali Parekh

Despite global headwinds and Trump's tariff policy casting a shadow over the Indian markets, Vaishali Parekh has recommended three selective buying opportunities for investors with short-term trading outlooks:

1. VETO
   
   

• Buy at: ₹127
  
  

• Target: ₹135
  
  

• Stop Loss: ₹123
  
  

• Veto Switchgears and Cables has shown strength in a weak market and offers an attractive risk-reward ratio.
  
  

2. FACT (Fertilisers and Chemicals Travancore Ltd)
   
   

• Buy at: ₹965
  
  

• Target: ₹1000
  
  

• Stop Loss: ₹950
  
  

• FACT remains a fundamentally strong pick in the chemical segment and is showing signs of price stability.
  
  

3. Havells India
   
   

• Buy at: ₹1525
  
  

• Target: ₹1585
  
  

• Stop Loss: ₹1500
  
  

• Havells, a leader in consumer electricals, continues to attract buying interest, especially in the FMCG-led rally.
  
  

Final Thoughts

With global cues such as tariffs and Fed policy influencing market direction, investors are advised to stay cautious but remain on the lookout for opportunities. Vaishali Parekh’s technical picks underline that stock-specific strategies can still yield results, even in uncertain environments.

Disclaimer: The views and recommendations mentioned are those of individual analysts or brokerage firms, not of this platform. Investors are advised to consult certified financial experts before making investment decisions.