Vaishali Parekh approved three must-buy stocks today (May 21).

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• Sensex and Nifty 50 ended with strong gains after three days of gains, helped by fresh foreign fund inflows and positive global signals.
• Saturday’s special live trading session featured significant activity, with all sectoral indices ending in the green.
• “Benchmark indices showed strength and recovered from last week’s losses,” said Arvinder Singh Nanda, senior vice president, Master Capital Services Ltd.

This detailed analysis covers the recent performance of Sensex and Nifty 50 and provides insights into market trends and expert forecasts.

Market Overview: Sensex and Nifty 50 surge in special trading session

In a rare weekend market session, both Sensex and Nifty 50 posted strong gains due to a confluence of favorable factors. The BSE Sensex rose 88.91 points to 74,005.94, while the NSE Nifty 50 rose 35.90 points to 22,502.00.

Analysis of segment performance and market dynamics

The positive trend was not limited to the major indices. The small and mid-cap index also performed well compared to the benchmark, reflecting broad investor confidence. Market analysts believe this bullish move is the result of a combination of domestic and international factors, including strong foreign inflows and optimistic global market signals.

Expert Insights: Future Market Forecasts and Strategies

Market experts like Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, provide further insight into index performance. Parekh points out that Nifty 50 faces resistance near 22,500 but is expected to find support around 22,300 and is likely to touch up to 22,900 in the coming sessions.

Specific stock recommendations and economic indicators

Parekh recommends buying stocks like Gujarat State Fertilizers and Chemicals Ltd, Welspun Corp Ltd and HFCL Ltd, mentioning specific target prices and stop loss levels. Additionally, upcoming economic indicators such as Manufacturing and Services PMI, UK CPI inflation data, and US initial unemployment claims are expected to impact market forecasts.

conclusion

The recent performance of Sensex and Nifty 50 highlights the resilience of Indian markets amidst global economic fluctuations. With expert forecasts leaning towards continued growth, investors are encouraged to monitor key economic indicators and expert stock recommendations to make informed decisions.

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