Intraday Signals Today: Best Stocks for 03 February, 2025

Market Recap:

The last session marked a notable development in the market, registering a significant shift in sentiment. The bulls, who had been dominating in recent times, faced a setback, leading to a correction that pushed the market into the negative territory. This sell-off was driven by a combination of factors, including profit-taking and concerns over global economic headwinds. Key indices performed as follows:

- **Nifty 50:** Closed at 17,550.75, declining by 0.72%. - **Sensex:** Ended at 58,865.92, down by 0.68%.

Sectorally, the last session saw mixed performance. While some sectors managed to withstand the downturn, others suffered significant losses. Banks, metals, and pharmaceuticals managed to stay afloat, while IT, auto, and FMCG stocks witnessed a sell-off.

Looking ahead, the upcoming session is expected to be volatile, with traders closely watching global cues and domestic economic data. The release of key economic indicators, including the PMI data and retail sales figures, could provide further insights into the state of the economy and influence market sentiment. Overall, the market remains in a crucial phase, and investors are advised to trade with caution while closely monitoring the developing situation.

Top Stocks to Buy Today:

1) ASTERDM

Buy ASTERDM shares in intraday timeframe at CMP Rs. 486.45

2) HDFCAMC

Buy HDFCAMC shares in intraday timeframe at CMP Rs. 3843.05

3) RELAXO

Buy RELAXO shares in intraday timeframe at CMP Rs. 572.65

4) CLEAN

Buy CLEAN shares in intraday timeframe at CMP Rs. 1458

Top Stocks to Short Today:

1) WHIRLPOOL

Sell WHIRLPOOL shares in intraday timeframe at CMP Rs. 1169.8

2) GRINFRA

Sell GRINFRA shares in intraday timeframe at CMP Rs. 1243.2

3) TANLA

Sell TANLA shares in intraday timeframe at CMP Rs. 552.35

4) TTKPRESTIG

Sell TTKPRESTIG shares in intraday timeframe at CMP Rs. 758.6

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!