Three Stocks To Buy Today As Gift Nifty Signals A Flat-To-Weak Opening On May 27

Market Mood Going Into Wednesday's Session

Indian benchmark indices ended lower on Tuesday, with Nifty 50 closing at 23,913 and Sensex settling at 76,009, down 479 points. Gift Nifty opened flat at 23,911 and was trading around 23,875 by early morning, signalling a cautious start to the session on Wednesday.

Technical View From The Analyst

Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that the Nifty 50 faces immediate resistance at 24,100, with a breakout potentially targeting 24,300. Immediate support is placed at 23,800, making risk management critical for traders looking to deploy intraday positions today.

Stock Picks With Entry And Exit Levels

1. Parekh's three recommended stocks for May 27 come with clearly defined price targets and stop-loss levels to manage downside risk in a volatile session.
2. Morepen Laboratories: Buy at Rs 43.50, Target Rs 46, Stop Loss Rs 42
3. Radico Khaitan: Buy at Rs 3589, Target Rs 3750, Stop Loss Rs 3530
4. AU Small Finance Bank: Buy at Rs 1012, Target Rs 1035, Stop Loss Rs 995

Key Highlights

1. Gift Nifty flat at 23,875, signalling a sideways-to-negative market opening
2. Nifty 50 closed at 23,913; Sensex shed 479 points on Tuesday
3. Key resistance for Nifty at 24,100; support pegged at 23,800
4. Morepen Laboratories, Radico Khaitan and AU Small Finance Bank are today's picks
5. All recommendations carry defined entry levels, price targets and stop-loss points

Sources: Mint, Prabhudas Lilladher research, Moneycontrol and NSE India