Best Intraday Stocks Today - 05 August, 2024

**Previous Session's Review:**

The market opened at a gap-down, signaling downward pressure from the outset. Throughout the session, selling activity persisted, driving the Nifty lower to close near its intraday nadir, registering a loss of approximately 1.17%. The Nifty Midcap 100 index fared slightly better, closing down by about 0.99%.

**Sector Performance:**

Despite the overall weakness, certain sectors emerged as relative outperformers. Pharma and Healthcare stocks showed resilience, while sectors such as Realty and Auto lagged behind.

**Options Market Analysis:**

Notable option activity was observed at the 25000 Call and 24500 Put strike prices. Sentiment remained bearish, as evidenced by a higher volume of call writing compared to put writing.

**Technical Indicators:**

The market traded within a range defined by the VWAP (Volume-Weighted Average Price) of 24565 to 24875. The Max Pain level stood around 24750, indicating potential resistance for the current session. The Put-Call Ratio (PCR) of 0.637 further supported the bearish outlook.

**Institutional Participation:**

Foreign Institutional Investors (FIIs) emerged as net sellers during the previous session, offloading shares worth approximatey 3310.00 crore. In contrast, Domestic Institutional Investors (DIIs) acted as net buyers with an activity of approximately 2965.94 crore.

**FPI Multi Index Futures Activity:**

FINNIFTY FUTURES: -3\nBANKNIFTY FUTURES: -5044\nMIDCPNIFTY FUTURES: -1708\nNIFTYNXT50 FUTURES: 14\nNIFTY FUTURES: -14429

Top Stocks to Buy Today:

1) AVANTIFEED

Buy AVANTIFEED shares in intraday timeframe at CMP Rs. 665.3

2) SUVENPHAR

Buy SUVENPHAR shares in intraday timeframe at CMP Rs. 976.15

3) BLS

Buy BLS shares in intraday timeframe at CMP Rs. 344.2

4) KPIL

Buy KPIL shares in intraday timeframe at CMP Rs. 1294.1

Top Stocks to Short Today:

1) LUXIND

Sell LUXIND shares in intraday timeframe at CMP Rs. 2129.65

2) NIACL

Sell NIACL shares in intraday timeframe at CMP Rs. 265.6

3) AARTIDRUGS

Sell AARTIDRUGS shares in intraday timeframe at CMP Rs. 496.1

4) TEAMLEASE

Sell TEAMLEASE shares in intraday timeframe at CMP Rs. 3056.5

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!