Gift Nifty Hints At Firm Opening; Three Stock Ideas On Radar Today

Gift Nifty’s green trading in early deals indicates a sideways-to-positive opening for the Nifty 50, with the index expected to extend its recent breakout above key resistance levels. Market sentiment remains supported by hopes of continued de-escalation in global tensions and resilient domestic flows.

Gift Nifty Signals Positive Bias

Gift Nifty futures were seen trading slightly above the previous Nifty close, suggesting a constructive start for Dalal Street. Parekh expects the Nifty 50 to potentially move towards the 24,300 zone, with immediate support placed near 23,800.

Stock Picks For Today

For 26 May 2026, Vaishali Parekh of Prabhudas Lilladher has recommended three stocks to buy on a near-term trading basis. These ideas focus on favourable technical setups with clearly defined risk-reward profiles.

1. Tata Power: Buy at ₹414, target ₹430, stop loss ₹408.
2. SRF: Buy at ₹2,700, target ₹2,800, stop loss ₹2,650.
3. Ujjivan Small Finance Bank: Buy at ₹54, target ₹60, stop loss ₹52.

Key Highlights

1. Gift Nifty trades in the green, indicating positive start for Nifty 50.
2. Upside potential seen towards 24,300 with support at 23,800.
3. Vaishali Parekh recommends Tata Power, SRF, Ujjivan SFB as buys today.
4. Clear entry, target and stop-loss levels shared for all three stocks.
5. Overall sentiment remains constructive amid supportive global cues.

Sources: Mint, Business Standard, Prabhudas Lilladher