Vaishali Parekh Identifies Three Stocks for Potential Intraday Purchases on February 27, 2026

Indian Stock Market Report

The Indian stock market remained largely range-bound today, with the Nifty 50 ending marginally higher. The ongoing consolidation within the 25,350–25,700 corridor continues to define the near-term direction, serving as a crucial support–resistance zone. This stabilization, however, lacks decisive momentum.

Sectoral Performance

Sectoral performance was broadly muted, with the exception of Pharma stocks, which rose 0.9% during the session. The Nifty Pharma index extended its gains to nearly 6.3% over the past month, driven by improving sentiment following recent reductions in US tariff rates. This provided relief to export-oriented pharmaceutical companies and sparked selective accumulation.

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Market Outlook

According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the Indian stock market sentiment is cautiously positive. The Nifty 50 index is oscillating between the 200-DEMA and 50-DEMA. To establish conviction and clarity, the index needs to breach above the 25,650 (50EMA) zone.

Key Support and Resistance Levels

• Immediate support for the Nifty 50 index is at 25,350.
• Immediate resistance is at 25,650.
• The Bank Nifty would have a daily range of 60,500 to 61,800.

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Stock Recommendations

Vaishali Parekh recommended three buy-or-sell stocks for intraday trading:

1. Greaves Cotton: Buy at ₹157.50, Target ₹165, Stop Loss ₹154.
2. Astra Microwave Products: Buy at ₹991, Target ₹1040, Stop Loss ₹970.
3. Avalon Technologies: Buy at ₹1024, Target ₹1070, Stop Loss ₹1000.