Buy or Sell: Intraday Stocks Today - 02 July, 2024
Discover the latest insights into the dynamic Indian stock market with our comprehensive guide on today's top stocks for both buying and shorting on an intraday basis. Checkout intraday stocks to watch for today - 02 July, 2024
**Previous Session Overview:**
**Indices:**
- The benchmark Nifty opened in a muted fashion but gradually gained traction throughout the session. It concluded near the day's zenith, recording a commendable advance of 0.55%. - The Nifty Midcap 100 outpaced its larger counterpart, closing with an impressive gain of 1.00%.
**Sectoral Trends:**
- The IT and Media sectors emerged as the primary drivers, exhibiting robust performance. - On the flip side, PSU Banks and Realty encountered headwinds, dampening their momentum.
**Options Market Analysis:**
- Open Interest exhibited a significant concentration at the 24500 Call and 24000 Put strikes. - The sentiment leaned towards bullishness, with a greater propensity for put writing over call writing.
**Technical Indicators:**
- The VWAP range encompassed 23980 and 24295. - Max Pain rested at 24050 spot, with the combined CE/PE premium/pain value amounting to an impressive 777.95 Crores.
**Institutional Participation:**
- Foreign Institutional Investors (FIIs) acted as net sellers, offloading shares worth 426.03 crores. - Domestic Institutional Investors (DIIs) emerged as net buyers, actively purchasing stocks to the tune of 3917.43 crores.
Top Stocks to Buy Today:
1) ANGELONE
Buy ANGELONE shares in intraday timeframe at CMP Rs. 2400
2) CHOLAHLDNG
Buy CHOLAHLDNG shares in intraday timeframe at CMP Rs. 1563.1
3) SUVENPHAR
Buy SUVENPHAR shares in intraday timeframe at CMP Rs. 818.8
4) JMFINANCIL
Buy JMFINANCIL shares in intraday timeframe at CMP Rs. 92.05
Top Stocks to Short Today:
1) AARTIDRUGS
Sell AARTIDRUGS shares in intraday timeframe at CMP Rs. 534.65
2) ZYDUSWELL
Sell ZYDUSWELL shares in intraday timeframe at CMP Rs. 1896.65
3) EPIGRAL
Sell EPIGRAL shares in intraday timeframe at CMP Rs. 1505.15
4) CAMS
Sell CAMS shares in intraday timeframe at CMP Rs. 3717.5
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!