Intraday Trading: Top Stocks on NSE Today

The previous session witnessed a subdued opening, with the Nifty oscillating within a narrow range of 22465-22655. However, as the session progressed, a positive sentiment emerged, leading to a modest gain of 0.19 percent at the close.

The Nifty Midcap 100 index outperformed its benchmark, posting a significant gain of 0.54 percent. Among the sectors, Metals and Realty emerged as key drivers, demonstrating resilience and strength. On the flip side, Media and IT encountered obstacles, resulting in a weaker performance.

The options market indicated a bullish sentiment, as the highest open interest was observed on the call side at the 23000/24000 level. Conversely, on the put side, open interest was concentrated at the 22000/22100 level. The analysis of the option chain further revealed a higher volume of call writing compared to put writing.

Based on the Volume Weighted Average Price (VWAP), the trading range for the current session is expected to be between 22135 and 22960. The Max Pain point is identified at 22600 with a combined residual premium/pain value of 899.09 Crores.

In the cash segment, Foreign Institutional Investors (FIIs) remained net buyers, contributing 1613.24 crores to the market, while Domestic Institutional Investors (DIIs) also participated actively, purchasing shares worth 2114.17 crores.

Top Stocks to Buy Today:

1) PGHH

Buy PGHH shares in intraday timeframe at CMP Rs. 16010.6

2) GLAXO

Buy GLAXO shares in intraday timeframe at CMP Rs. 2577.55

3) ABBOTINDIA

Buy ABBOTINDIA shares in intraday timeframe at CMP Rs. 26071.6

4) CHEMPLASTS

Buy CHEMPLASTS shares in intraday timeframe at CMP Rs. 482.55

Top Stocks to Short Today:

1) IDBI

Sell IDBI shares in intraday timeframe at CMP Rs. 89.3

2) OIL

Sell OIL shares in intraday timeframe at CMP Rs. 651.1

3) SUNDRMFAST

Sell SUNDRMFAST shares in intraday timeframe at CMP Rs. 1213.6

4) ADANIPORTS

Sell ADANIPORTS shares in intraday timeframe at CMP Rs. 1554.5

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!