Intraday Signals: Top Intraday Trades to make today

Market Performance

The market displayed steady movement in the last session, demonstrating a delicate balance between buyers and sellers. The indices traded within a narrow range, indicating cautious optimism among investors. The opening levels were met with initial buying pressure, which led to a gradual uptick in prices. However, as the session progressed, profit-taking and some profit-booking emerged, resulting in a correction toward the latter half of the trading day. Despite the retracement, the market managed to close near its intraday highs, signaling resilience and underlying strength.

Sectoral Performance

The sectoral landscape was mixed, with pockets of strength and weakness. The technology sector outperformed, driven by gains in IT and software stocks. The healthcare sector also contributed to the market's rise, underpinned by positive news in the pharmaceutical industry. On the downside, the energy sector faced headwinds due to concerns over slowing global demand. The banking sector, typically seen as a defensive play, traded sideways as investors assessed the latest economic data.

Outlook for the Current Session

The market is expected to open with a positive bias today, building on the momentum from the last session. However, investors should be mindful of potential profit-taking and the possibility of a retracement. The upcoming economic data releases, including the consumer price index and retail sales figures, will be closely monitored for insights into the health of the economy and its impact on market sentiment.

Top Stocks to Buy Today:

1) EASEMYTRIP

Buy EASEMYTRIP shares in intraday timeframe at CMP Rs. 15.81

2) AWL

Buy AWL shares in intraday timeframe at CMP Rs. 319.35

3) BAJAJHLDNG

Buy BAJAJHLDNG shares in intraday timeframe at CMP Rs. 11831.45

4) ATGL

Buy ATGL shares in intraday timeframe at CMP Rs. 757.1

Top Stocks to Short Today:

1) MAZDOCK

Sell MAZDOCK shares in intraday timeframe at CMP Rs. 2259.45

2) BBTC

Sell BBTC shares in intraday timeframe at CMP Rs. 2196.45

3) MSUMI

Sell MSUMI shares in intraday timeframe at CMP Rs. 58.5

4) GOCOLORS

Sell GOCOLORS shares in intraday timeframe at CMP Rs. 953.95

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!