Best Intraday Stocks to buy – Vaishali Parekh

The Indian stock market is likely to open with a cautious undertone as global trade uncertainty, led by the U.S. administration’s aggressive tariff stance, keeps risk appetite subdued. Geopolitical tensions, persistent FII selling and continued weakness in the rupee are expected to limit any meaningful upside, even if the market attempts a short-term rebound. At the same time, steady DII buying remains the key cushion, helping the market avoid sharper drawdowns and keeping the broader tone from turning outright bearish.

Stock market today
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the sentiment is cautiously positive as the Nifty 50 continues to hold above the crucial 25,500 support zone. She noted that a break below 25,500 could open the doors for a test of the 25,000 region, which coincides with the important 200-period moving average support. On the upside, the index needs a decisive move above 25,900, placed near the 50-DEMA/50-EMA zone, to improve bullish conviction and signal stronger follow-through.

Explaining the day’s structure, Parekh said the Nifty opened with a sharp gap-down, consolidated near 25,500, and then witnessed a mild revival in the second half to close around 25,600, keeping the bias mildly positive for now. According to her, the 25,000 zone remains the make-or-break support area, while 25,900 is a tough hurdle that must be crossed for the market to regain confidence.

Bank Nifty outlook
On Bank Nifty, Parekh highlighted that the index remains range-bound with intermittent profit booking. She sees strong resistance near 60,250–60,400, and believes only a decisive breakout above this band can trigger a fresh upward leg. On the downside, the 58,900 zone near the 50-EMA remains the key immediate support that must hold to prevent deeper weakness.

Key levels for today
Nifty 50: Support 25,500 | Resistance 25,800
Bank Nifty: Expected range 59,500–60,500