Vaishali Parekh suggests RVNL, Premier Energies, and JSL as top intraday stock picks today

When markets open, intraday traders look for quick moves and real opportunities. Today, Vaishali Parekh, Vice President and technical research expert at Prabhudas Lilladher, has highlighted three strong stock picks for intraday action: RVNL, Premier Energies, and JSL. These are not random names. They are selected based on current price patterns, volume, and market momentum. Traders can use these picks as a starting point to plan their trades.

What Is Intraday Trading

• Focus on Quick Moves: Intraday trading involves buying and selling stocks within the same day to take advantage of short-term price fluctuations.
• Expert Guidance Helps: Using Vaishali Parekh’s picks can guide traders on entry and exit levels to reduce guesswork.
• Manage Volatility: Prices can swing fast, so keeping an eye on momentum and market trends is essential.
• Disciplined Strategy: Successful intraday trades rely on timing, trend analysis, and strict risk management.

Vaishali Parekh’s Approach to Stock Picks

• Technical Analysis Core: She studies chart patterns, moving averages, trading volume, and support/resistance levels.
• Momentum Focus: Vaishali identifies stocks showing short-term strength and potential price moves.
• Actionable Advice: Each pick comes with an entry price, a target, and a stop-loss so traders can act immediately.
• Trader-Friendly: Her approach helps traders plan trades confidently before the market opens.

Stock Analysis: RVNL (Rail Vikas Nigam Ltd)

• Company Background: RVNL is a PSU working on railway projects. It often reacts to infrastructure news and policy updates.
• Today’s Pick: Buy at ₹319, target ₹340, stop loss ₹313. Traders should exit if prices fall below ₹313.
• Technical Perspective: The stock has been range-bound around ₹300–₹310. Moving averages give mixed signals, so momentum is critical.
• Market Significance: Inclusion in Parekh’s picks shows growing interest in infrastructure. Intraday traders focus on volume spikes and breakout points.

Stock Analysis: Premier Energies

• Company Background: Premier Energies operates in renewable energy and solar equipment. Volatility often creates intraday opportunities.
• Today’s Pick: Buy at ₹770, target ₹790, stop loss ₹760.
• Market Insight: Open interest surged recently, indicating institutional positioning. This creates sharper intraday swings.
• Trading Advantage: Active volume and momentum provide potential for quick gains during the session.

Stock Analysis: JSL (Jindal Stainless Ltd)

• Company Background: JSL is a steel manufacturer. Prices react to commodity costs and macroeconomic news.
• Today’s Pick: Buy at ₹780, target ₹820, stop loss ₹770.
• Sector Dynamics: The metals sector has been volatile. Positive industrial sentiment often pushes prices higher intraday.
• Trader Tip: Volume spikes and trend reversals are key for timing entries and exits effectively.

Key Takeaways for Intraday Traders

• Clear Action Levels: Picks include entry, target, and stop-loss levels to guide trades.
• Short-Term Focus: Stocks are chosen based on current price action and technical signals.
• Risk Discipline: Always use stop losses and trade only with planned capital.
• Monitor in Real-Time: Follow live price movements and volume instead of relying solely on recommendations.

Conclusion

Picks from Vaishali Parekh give traders a clear roadmap: RVNL, Premier Energies, and JSL all have specific levels to watch. Intraday trading is fast. Success comes from planning your trades, managing risk, and monitoring key support/resistance levels throughout the session. As markets evolve, using expert insights alongside your analysis can help you navigate volatile conditions confidently.

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Disclaimer:

The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.