Best Intraday Stocks to buy – Vaishali Parekh

The Indian market opened weak on Tuesday, mirroring jitters in global markets. From the opening tick, benchmark indices slid into the red. However, bulls treated the dip as a buying opportunity, helping the market stage a brief pullback from the lows. This recovery was short-lived, as aggressive selling emerged in the penultimate hour—coinciding with weekly expiry pressure—dragging the indices lower once again.

By close, Nifty 50 slipped below 25,900, ending the day 0.47% lower. The BSE Sensex fell 277 points to settle at 84,673, while Bank Nifty closed at 58,899, down 63 points.

Stock Market Outlook

According to Vaishali Parekh, VP–Technical Research, Prabhudas Lilladher, overall sentiment remains cautious to positive as long as Nifty sustains above 25,700. The index continues to face a stiff hurdle at 26,000–26,100, and a breakout above this zone may open the gates for 26,700 and 27,000 levels.

On Nifty’s near-term structure, Parekh notes:
“The index witnessed profit booking near the psychological 26,000 mark and closed around 25,900. The underlying tone remains strong, and after a brief consolidation or dip, a turnaround can be expected. Key support lies at 25,700, which must hold to keep the broader trend intact. Upside targets remain 26,300 and 26,700.”

Bank Nifty View

Commenting on Bank Nifty, she added:
“The index paused near 59,100 after Monday’s strong breakout. Bias stays positive, and further upside remains likely. Immediate support lies at 58,500, while major support is placed near the 50-DEMA at 57,000. Once the index stabilises, higher levels of 60,500 and 63,000 may be achievable.”

For the day, Parekh expects Nifty to trade between 25,750 and 26,100, while Bank Nifty may move within the 58,500–59,500 zone.