Buy or Sell: Intraday Stocks Today - 01 August, 2024

**Market Performance in the Previous Session**

In the preceding trading session, the market witnessed a positive start, followed by a phase of consolidation within the range of 24860-24960. As the closing hour neared, a surge in buying momentum pushed the market higher, resulting in a close near the intraday high. This uptick translated into a gain of 0.38% for the Nifty. Notably, the Nifty Midcap 100 index exhibited impressive strength, closing with a gain of 0.63%.

**Sectoral Performance Highlights**

Metals and Pharma emerged as the top performing sectors, buoyed by positive developments and investor interest. On the other hand, PSU Banks and Healthcare lagged behind, facing headwinds or uncertain market conditions.

**Options Market Dynamics**

In the options market, notable open interest concentrations were observed at the 25500 Call and 24500 Put strikes. The sentiment appeared to be bullish, as evidenced by the higher volume of put writing compared to call writing.

**Technical Market Range**

The VWAP range for the session extended from 24825 to 25060. The Max Pain level was determined to be 24900, while the Put-Call Ratio (PCR) stood at 1.18.

**Institutional Activity Insights**

Foreign Institutional Investors (FIIs) assumed a net selling position with an activity totaling 3462.36 crore, indicating a cautious or profit-taking stance. Domestic Institutional Investors (DIIs), in contrast, turned net buyers with an activity totaling 3366.51 crore, suggesting a bullish outlook.

**Multi Index Futures Activity Snapshot**

In the FPI Multi Index Futures Activity, FINNIFTY FUTURES saw an increment of 58, BANKNIFTY FUTURES lost 23048, MIDCPNIFTY FUTURES declined 1384, NIFTYNXT50 FUTURES gained 51, and NIFTY FUTURES added 9660. These movements provide insights into the positioning and sentiment of various participants in the market.

Top Stocks to Buy Today:

1) KRBL

Buy KRBL shares in intraday timeframe at CMP Rs. 297

2) TEAMLEASE

Buy TEAMLEASE shares in intraday timeframe at CMP Rs. 3390.25

3) RELAXO

Buy RELAXO shares in intraday timeframe at CMP Rs. 854.15

4) REDINGTON

Buy REDINGTON shares in intraday timeframe at CMP Rs. 208

Top Stocks to Short Today:

1) BSE

Sell BSE shares in intraday timeframe at CMP Rs. 2605

2) WESTLIFE

Sell WESTLIFE shares in intraday timeframe at CMP Rs. 833

3) LATENTVIEW

Sell LATENTVIEW shares in intraday timeframe at CMP Rs. 518.7

4) VMART

Sell VMART shares in intraday timeframe at CMP Rs. 3395.6

Disclaimer: Remember, the market is a living beast, and even the most informed predictions can be devoured by unforeseen events. While this analysis is based on a thorough rule-based research, the ultimate decision to buy or sell rests with you. Do your own due diligence, consider your risk tolerance, and craft a strategy that aligns with your financial goals. Stratzy provides insights, not guarantees, and cannot be held responsible for any gains or losses incurred in your trading activities. Invest wisely, trade responsibly, and may the market gods favor you!