Best Intraday Stocks to buy – Vaishali Parekh

The Indian stock market is expected to stay highly sensitive to global developments after last week’s sharp correction led largely by technology stocks. Ongoing concerns about AI-driven disruption continue to weigh on IT majors, reversing earlier optimism triggered by the US–India interim trade framework and keeping overall sentiment cautious. Stability in the IT space will remain critical for rebuilding broader market confidence in the near term.

Institutional flows are showing mixed trends, with FIIs turning selective while consistent DII buying is offering some domestic cushion. However, capital flows still reflect uncertainty as investors reassess stretched valuations and track key global triggers such as US Fed minutes, PCE inflation data and PMI numbers. Until clearer macro signals emerge, markets are likely to move in a consolidation phase with a fragile undertone.

Nifty 50 Outlook
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, believes the Nifty 50 has turned weak after decisively breaching the 25,500 level. Immediate support is placed at 25,300, aligned with the 200-period moving average, while a breakdown below this zone could drag the index towards the 24,600 level, indicating intensified selling pressure. Resistance for the index is seen near 25,700, and sustained recovery above this zone is required to restore bullish momentum.

Bank Nifty Outlook
Bank Nifty has witnessed heavy profit booking, slipping below the 60,500 support level and weakening the short-term bias. The next key support is seen near 59,500 around the 50EMA, while the major long-term support lies close to the 57,100 zone. For sentiment improvement, the index needs a decisive move above 60,800, which could bring clarity and renewed buying interest. The expected daily trading range for Bank Nifty is between 59,600 and 60,700.