Best Intraday Stocks Today - 02 August, 2024

**Previous Session's Performance Overview**\n\n

Market participants witnessed a dynamic trading session, marked by a promising opening. Initially, Nifty exhibited a positive momentum, but as the day progressed, it found itself drifting lower into the first half. However, it managed to maintain a relatively stable range between 24955-25030 for the remainder of the session. Despite initial fluctuations, Nifty ultimately settled with a modest gain of 0.24%, signaling a positive close to the previous session. In contrast, the Nifty Midcap 100 index underperformed, incurring a loss of 0.85%.\n\n

**Sectoral Highlights**\n\n

Within the sector landscape, Energy and Healthcare emerged as the top performers, demonstrating resilience and positive price action. On the other hand, Realty and Media sectors lagged behind, facing selling pressure and contributing to the day's underperformance. This reflects the varying dynamics and sentiment within different industry segments.\n\n

**Options Market Analysis**\n\n

Examining the options market, notable concentration was observed at the 25000 Call and 25000 Put strike prices. This suggests that traders are anticipating price movements around these levels. Additionally, the higher volume of call writing compared to put writing indicates a slightly bearish outlook, although sentiment remains mixed.\n\n

**Trading Range**\n\n

The Value Weighted Average Price (VWAP) range spanned from 24845 to 25160. Max Pain, a price level at which the maximum number of options contracts expire worthless, was situated at 25000. The Put-Call Ratio (PCR), which measures the ratio of Put options to Call options, stood at 0.99, reflecting a relatively balanced market sentiment.\n\n

**Institutional Activity**\n\n

In terms of institutional participation, Foreign Institutional Investors (FIIs) emerged as net buyers, contributing to the day's positive close. Their activity totaled 2089.28 crore. Conversely, Domestic Institutional Investors (DIIs) were net sellers, with an activity of 337.03 crore. This contrasting activity highlights the varying investment strategies and risk appetites of different institutional players.\n\n

**FPI Multi Index Futures Activity**\n\n

Looking at the FPI Multi Index Futures activity, positive positions were seen in BANKNIFTY FUTURES (639) and NIFTY FUTURES (22475). However, negative positions were observed in FINNIFTY FUTURES (-47), MIDCPNIFTY FUTURES (-946), and NIFTYNXT50 FUTURES (-62). This indicates a mixed sentiment among institutional participants in various index futures contracts.

Top Stocks to Buy Today:

1) VAIBHAVGBL

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2) TRIVENI

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3) GRINFRA

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4) GMRINFRA

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Top Stocks to Short Today:

1) APTUS

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2) KSB

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3) SUNDARMFIN

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4) CONCORDBIO

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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!