Vaishali Parekh Recommends Three Stocks for Intraday Buying on March 17, 2026
Indian Stock Market Rebounds Sharply After Early Morning Selling
On Monday, the Indian stock market witnessed a sharp rebound in the second half of the trading session, after an intensified selling during the early morning session. The Nifty 50 index, which had made an intraday loss of 22,955, bounced back strongly and finished 257 points higher at 23,408. The BSE Sensex gained 938 points and closed at 75,502. The Bank Nifty index ended 655 points northward at 54,413.
Among sectors, the Auto and Financial indices rallied over 1%, whereas the Oil & Gas and Realty indices lost the most, shedding over 1.5%.
Technical Analysis
According to Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladdher, the undertone of the Indian stock market remains cautious despite the strong pullback on Monday. She believes that the Nifty 50 index would need to sustain its positive move until it breaches the 24,400 zone to provide clarity for bulls.
Stock Recommendations
For intraday trading, Vaishali Parekh recommends the following buy or sell stocks:
- Adani Green Energy: Buy at ₹870, Target ₹1000, Stop Loss ₹855
- Zen Technologies: Buy at ₹1410, Target ₹1450, Stop Loss ₹1390
- Poonawalla Fincorp: Buy at ₹418, Target ₹440, Stop Loss ₹410
Investor Takeaway
Monitor the Nifty 50 index for a sustained move above 24,400 for bullish signals.
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