Vaishali Parekh Picks Three Stocks to Consider for Intraday Trading on 26 February 2026

Indian Stock Market Closes Cautiously on Wednesday

The Indian stock market ended on a cautious note on Wednesday, with the key benchmark indices gradually paring early gains as profit booking at higher levels weighed on sentiment. Despite a positive start, the broader undertone remained measured, with investors refraining from aggressive positioning amid the absence of strong domestic triggers and mixed global cues.

Sectoral Participation Remains Selective

Sectoral participation was selective throughout the session, with banking and select large-cap stocks providing stability. The IT sector showed early signs of recovery through selective buying and short covering following recent weakness. However, the rebound in IT remained gradual rather than broad-based, indicating an improvement in sentiment but not yet confirming a sustained trend reversal.

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Technical Analysis Suggests Positive Sentiment

According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the Indian stock market sentiment is positive following Wednesday's close. The Nifty 50 index is finding resistance at 25,656, breaking above which would mean a near-term target of 26,000 for the 50-stock index. Support for the key benchmark index is at the 200-DEMA, which is at 25,340.

Outlook for the Nifty 50 and Bank Nifty

On the outlook for the Nifty 50, Parekh suggests that after a positive opening above 25,500, the index rallied towards the 50 EMA at 25,656 and slipped gradually as the day progressed, ending with marginal positive gains near 25,480. The overall trend remains positive, with the 200 DMA zone at 25,340 being the important support zone that needs to be sustained. On the upside, a decisive breach above the 50 EMA level of 25,656 would confirm a near-term target of 26,000.

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For the Bank Nifty index, Parekh notes that it has been trading within a narrow range and is in a consolidation near the 61,000 zone, with the overall bias remaining positive, anticipating further positive developments. The index would have the important and crucial support positioned near the 60,500 level, which needs to be sustained as of now.

Stock Recommendations

Based on technical analysis, Vaishali Parekh recommends the following stocks to buy today:

• Zen Technologies: Buy at ₹1330, Target ₹1360, Stop Loss ₹1310
• Nelcast: Buy at ₹116, Target ₹123, Stop Loss ₹113
• Cipla: Buy at ₹1340, Target ₹1370, Stop Loss ₹1320