Vaishali Parekh Recommends Three Intraday Stocks to Purchase on March 18, 2026

Indian Stock Market Extends Uptrend for Second Straight Session

Key Highlights

• The Nifty 50 index closed at 23,581, up 172 points from the previous day.
• The BSE Sensex gained 567 points and breached the psychological 76,000 level on a closing basis.
• The Bank Nifty index rose 462 points and closed at 54,876.
• The Metal, Auto, and Capital Market indices rallied by over 2%, while the IT index shed nearly 1%.

Market Analysis

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The undertone of the Indian stock market remains cautiously positive, according to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher. The Nifty 50 index needs to sustain its positive move and breach the 24,400 zone to provide clarity for bulls.

Sector Performance

• Metal index rallied by over 2%
• Auto index rallied by over 2%
• Capital Market index rallied by over 2%
• IT index shed nearly 1%

Outlook and Recommendations

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Vaishali Parekh recommends the following stocks for intraday trading:

• SAIL: Buy at ₹153.50, Target ₹161, Stop Loss ₹150
• Bajaj Consumer Care: Buy at ₹343.60, Target ₹360, Stop Loss ₹335
• Sarda Energy: Buy at ₹522, Target ₹555, Stop Loss ₹510