Technical analyst Vaishali Parekh flagged three strong intraday candidates: NHPC, Zen Tech, and PG Electroplast (PGEL).
She highlighted that Nifty’s upward bias—approaching the 25,000 threshold—is supporting selective trades.
Indicators show the Nifty testing breakout territory, with support around 24,500 and resistance near 25,300–25,700.
Speculative traders are advised to apply tight stops, especially in volatile IT and cyclical sectors.
Sector outperformance has tilted toward IT, PSU Banks, and Realty, each up 1–3%, while Media and Auto
Midcap and Smallcap indices also outperformed, up ~0.9% and 0.7% respectively, indicating breadth.
Conviction will rely on confirmation of volume trends in today's early sessions.
Short-term setups may exploit breakouts, but medium-term investors are advised caution until fundamentals align.
Monitoring FII flow and global cues remains essential to gauge sustainability.
Summary: Intraday traders have clear targets in sight—but execution discipline is key.