Best Intraday Stocks Today - 06 June, 2024

Team Stratzy -

In the recently concluded trading session, the market exhibited a bullish momentum, characterized by a positive close for the benchmark Nifty index. The index surged above the 22600 level, surpassing its intraday low with a robust gap-up opening of 240 points. This pronounced rally in the latter half of the session suggests a potential reversal towards bullish territory.

All sectoral indices experienced gains, with particularly notable performances from Auto, Bank, FMCG, Metal, Telecom, and Media sectors, exhibiting advances ranging from 4% to 6%. The broader market also echoed this positive sentiment, as evidenced by the S&P BSE Mid-Cap index's 4.41% rise and the S&P BSE Small-Cap index's 2.93% ascent.

Looking ahead, the Nifty index (spot) will face potential support at 22,500 and resistance at 22,750 in the current trading session.

Top Stocks to Buy Today:

1) PIDILITIND

Buy PIDILITIND shares in intraday timeframe at CMP Rs. 3141.65

2) KIMS

Buy KIMS shares in intraday timeframe at CMP Rs. 1895.7

3) HINDUNILVR

Buy HINDUNILVR shares in intraday timeframe at CMP Rs. 2534.85

4) SUNTV

Buy SUNTV shares in intraday timeframe at CMP Rs. 733.2

Top Stocks to Short Today:

1) RTNINDIA

Sell RTNINDIA shares in intraday timeframe at CMP Rs. 72.45

2) CENTURYTEX

Sell CENTURYTEX shares in intraday timeframe at CMP Rs. 2037.85

3) BHEL

Sell BHEL shares in intraday timeframe at CMP Rs. 280.85

4) NH

Sell NH shares in intraday timeframe at CMP Rs. 1270.65

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!