Market Update: Nifty Shows Gap-Down Opening; Three Stocks Recommended for Intraday Trading
Buy or sell: Gift Nifty signals gap-down opening, Vaishali Parekh recommends three stocks to buy today — 22 April 2026
Mint
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On April 22, 2026, the Indian stock market experienced a positive trend with the Nifty 50 index closing at 24,576. However, the Gift Nifty indicates a gap-down opening at 24,433. Vaishali Parekh from Prabhudas Lilladher recommends buying Manappuram Finance, Fortis Healthcare, and Bajaj Finance for intraday trading.
- 01Nifty 50 index closed at 24,576, gaining 211 points.
- 02Gift Nifty signals a gap-down opening at 24,433.
- 03Vaishali Parekh identifies a trading range for Nifty between 24,300 and 25,000.
- 04Key support for Nifty is at 24,300, with resistance at 25,000.
- 05Recommended stocks for intraday trading include Manappuram Finance, Fortis Healthcare, and Bajaj Finance.
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On April 22, 2026, the Indian stock market continued its upward trend with the Nifty 50 index closing at 24,576, up 211 points. The BSE Sensex also saw a significant rise, finishing 753 points higher at 79,273. The Bank Nifty index gained 789 points, closing at 57,371. Despite this positive momentum, the Gift Nifty indicates a gap-down opening, trading at 24,433. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, suggests that the Nifty is currently in a trading range between 24,300 and 25,000. A breakout above or below this range could indicate the next market direction. For today, she recommends three stocks for intraday trading: Manappuram Finance, with a buy price of ₹281.80 and a target of ₹296; Fortis Healthcare at ₹916.60, targeting ₹950; and Bajaj Finance at ₹938.85, aiming for ₹980. Investors are advised to set stop-loss limits to manage risk.
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Investors should consider these stock recommendations to potentially benefit from market movements today. Those interested in intraday trading can use the suggested buy prices and targets to guide their decisions.
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