Best Intraday Stocks to buy – Vaishali Parekh

On the back of strong global cues, the Indian equity markets opened with a gap-up and scaled fresh historic highs on Thursday. The Nifty 50 hit a new peak of 26,310.45, while the Sensex touched 86,055.86 before giving up part of the gains in the second half. Bank Nifty too surged to a record 59,866.60, marking its second straight session of new highs.
Sectorally, the Media index gained 0.60%, while Realty, Oil & Gas ended in the red, shedding around 0.70%.

According to Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher, the overall market tone remains decisively positive as Nifty enters uncharted territory. She expects the index to move towards 26,500 in the near term, with strong support at 25,800–25,750. If this support zone holds firm even after profit booking, Nifty can extend its rally to 27,200.

Sharing her outlook, Parekh noted, “Nifty witnessed a strong opening and scaled a fresh lifetime high of 26,310, comfortably breaching the earlier top of 26,277. The bias remains positive, and sustaining above 25,750–25,800 will be crucial. On the upside, fresh targets of 26,500 and 27,200 remain intact.”

On Bank Nifty, she highlighted that the index is approaching the 60,000 mark with strong momentum, supported by heavyweight banking stocks including ICICI Bank, HDFC Bank, Kotak Bank and Axis Bank. Sustaining above 58,600 will be important, with next targets at 61,400 and 63,500.

For the near term, Parekh places Nifty support at 26,100 and resistance at 26,400, while Bank Nifty is likely to trade in a daily range of 59,300–60,400.