Intraday Trading: Top Stocks on NSE Today

The market's trajectory mirrored an initial uptick, but the Nifty's ascent was curtailed within a range of 22665-22780. As the session progressed, rampant profit-taking emerged, eroding any accumulated gains. In a reversal of fortune, the Nifty ended the day in the red, shedding 0.17 percent.

Despite the Nifty 50's faltering performance, the Nifty Midcap 100 index exhibited resilience, posting a modest gain of 0.07 percent. Sectorally, Auto and Realty emerged as beacons of strength, while Media and IT encountered resistance and underperformed throughout the trading day.

In the options market, call options displayed a notable concentration of open interest at the 23000 strike, while put options demonstrated the highest open interest at 22500. An examination of today's option chain reveals a surge in call writing relative to put writing, suggesting a market undercurrent of bearish sentiment.

The Volume Weighted Average Price (VWAP) forecasts a potential trading range for the current session between 22550 and 22770. The Max Pain point is estimated at 22600 with a combined Residual Premium/Pain Value of 665.57 Crores for CE/PE options.

In the cash market, Foreign Institutional Investors (FIIs) adopted a bullish stance, making net purchases worth 1071.93 crore. Domestic Institutional Investors (DIIs) echoed this bullish sentiment, contributing to a net buying activity of 1429.11 crore.

Top Stocks to Buy Today:

1) SUPREMEIND

Buy SUPREMEIND shares in intraday timeframe at CMP Rs. 4904

2) CASTROLIND

Buy CASTROLIND shares in intraday timeframe at CMP Rs. 208.55

3) HINDALCO

Buy HINDALCO shares in intraday timeframe at CMP Rs. 630.6

4) TCS

Buy TCS shares in intraday timeframe at CMP Rs. 3819.4

Top Stocks to Short Today:

1) SONACOMS

Sell SONACOMS shares in intraday timeframe at CMP Rs. 627.9

2) BSE

Sell BSE shares in intraday timeframe at CMP Rs. 2850.75

3) ATGL

Sell ATGL shares in intraday timeframe at CMP Rs. 950

4) JSL

Sell JSL shares in intraday timeframe at CMP Rs. 713.85

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!