Vaishali Parekh Suggests Three Intraday Stocks for Consideration on February 24, 2026
Indian Stock Market Extends Momentum
The Indian stock market continued its upward trajectory on Monday, following positive global cues after the US Supreme Court's decision on Trump's tariffs. The Nifty 50 index rose 141 points to close at 25,713, while the BSE Sensex surged 479 points to 83,294. The Bank Nifty index finished 92 points higher at 61,264.
Sector Performance
The PSU Bank index outperformed, rallying 1.35%, whereas the IT index lost the most, shedding over 1.5%.
Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4
Market Outlook
According to Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, the Indian stock market bias is cautiously positive. The Nifty 50 index is facing a hurdle at 26,000, and breaking above this resistance may lead to a further rise toward 26,300.
Support and Resistance
The major and crucial support for the Nifty 50 index is maintained near 25,400, which needs to be sustained to maintain the overall trend intact. The Bank Nifty index is well positioned, with the overall bias maintained strong, and is near the all-time high level of 61,700.
Stock Recommendations
Vaishali Parekh recommended the following three intraday stocks to buy:
- RVNL: Buy at ₹319, Target ₹340, Stop Loss ₹313
- Premier Energies: Buy at ₹770, Target ₹790, Stop Loss ₹760
- JSL: Buy at ₹780, Target ₹820, Stop Loss ₹770
Investor Takeaway
Investors should consider intraday stocks based on Vaishali Parekh's positive market bias and technical analysis.
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