Market Update: Nifty Signals Gap-Up Opening with Stock Recommendations for April 21, 2026
Buy or sell: Gift Nifty signals gap-up opening, Vaishali Parekh recommends three stocks to buy today — 21 April 2026
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On April 21, 2026, the Indian stock market showed mixed signals, with the Nifty 50 index closing at 24,364. Analysts predict a gap-up opening at 24,443. Vaishali Parekh from Prabhudas Lilladher recommends buying Shoppers Stop, Confidence Petroleum India, and Eicher Motors today.
- 01Nifty 50 index closed at 24,364, with a gap-up opening forecasted at 24,443.
- 02Vaishali Parekh suggests three stocks for intraday trading: Shoppers Stop, Confidence Petroleum India, and Eicher Motors.
- 03The Nifty is facing resistance around 24,470 and crucial support at 24,300.
- 04The Bank Nifty index ended at 56,582, with resistance at 57,250.
- 05Overall market sentiment remains cautiously positive despite recent sell-offs.
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On April 21, 2026, the Indian stock market experienced a volatile session, with the Nifty 50 index closing at 24,364, up by 11 points. The BSE Sensex also saw a slight increase, ending 26 points higher at 78,520. Early gains were attributed to strong Q4 earnings from major banks like HDFC Bank and ICICI Bank, which bolstered confidence in the financial sector. However, the market faced a sell-off later in the day due to various global and domestic factors. Analysts predict a gap-up opening for the Nifty 50 at 24,443, but resistance is expected near 24,470. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, emphasizes the importance of sustaining above the 24,300 level to avoid further declines. She also provided three stock recommendations for intraday trading: buy Shoppers Stop at ₹310 (target ₹316, stop loss ₹307), Confidence Petroleum India at ₹54 (target ₹58, stop loss ₹52), and Eicher Motors at ₹7220 (target ₹7300, stop loss ₹7180).
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The market's cautious positive bias may influence investor sentiment, affecting trading decisions and stock prices.
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