Market Update: Nifty 50 Faces Resistance Amid Global Weakness; Three Stocks Recommended
Buy or sell: Gift Nifty signals gap-down opening, Vaishali Parekh recommends three stocks to buy today β 23 April 2026
Mint
Image: Mint
On April 23, 2026, the Nifty 50 index fell by 198 points to close at 24,378 amid weak global markets. Vaishali Parekh from Prabhudas Lilladher recommends buying Greenply, Aptech, and Edelweiss Financial Services, with specific targets and stop-loss levels provided for each stock.
- 01Nifty 50 index closed at 24,378 after a drop of 198 points.
- 02Vaishali Parekh indicates resistance for Nifty at 24,500 and support at 23,900.
- 03Bank Nifty index closed near 57,000, facing resistance at 57,450.
- 04Three stocks recommended for intraday trading: Greenply, Aptech, and Edelweiss Financial Services.
- 05Broader markets showed resilience with midcaps flat and smallcaps gaining over 1%.
Advertisement
In-Article Ad
On April 23, 2026, the Indian stock market experienced a downturn as the Nifty 50 index dropped 198 points to close at 24,378. The BSE Sensex fell by 756 points, ending at 78,516, while the Bank Nifty index corrected by 247 points to finish at 57,124. The market sentiment was influenced by weak global cues and profit booking in IT, auto, banking, and financial sectors. Despite this, select stocks in the energy, FMCG, and real estate sectors showed resilience. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, noted that the Nifty 50 is facing resistance around 24,500 and has strong support at 23,900. She anticipates a cautious market outlook with a gap-down opening as indicated by the Gift Nifty trading lower at 24,205. Parekh also provided recommendations for three stocks: Greenply, Aptech, and Edelweiss Financial Services, suggesting specific buy prices, targets, and stop-loss levels for each.
Advertisement
In-Article Ad
The decline in the Nifty 50 and BSE Sensex indicates a cautious sentiment in the market, which could affect investor confidence and trading decisions.
Advertisement
In-Article Ad
Reader Poll
Do you think the Indian stock market will recover in the coming weeks?
Connecting to poll...
More about Prabhudas Lilladher

Market Update: Vaishali Parekh's Stock Picks Amid Market Volatility on April 24, 2026
Mint β’ Apr 24, 2026

Market Update: Nifty Shows Gap-Down Opening; Three Stocks Recommended for Intraday Trading
Mint β’ Apr 22, 2026
Foreign Institutional Investors Withdraw $2 Billion from Indian Bank Stocks Amid Market Turbulence
The Economic Times β’ Apr 21, 2026
Read the original article
Visit the source for the complete story.



