Replace drywall wall with balusters

I have a short wall going down my stairs that I'd like to replace with balusters, which I think would make my room feel more open. Here is a picture of what I want to do:



Here's what the other side of the wall looks like:



My questions are:
1) Can I do this myself? I'd still call myself a novice, and I'm nervous about working with angles and structures that could fail and cause injury.
2) Where do I start? I'm been searching all over and haven't been able to find a good set of instructions that are applicable to my situation.

Thanks for the help.

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