Top Intraday Stocks Today - 07 June, 2024

In the previous session, Nifty navigated a range of 22650-22910 on the weekly options expiry, ultimately notching a 0.89 percent gain.

The Nifty Midcap 100 index surged ahead, posting an impressive 2.24 percent advance.

Sector-wise, Realty and Media dominated as the day's standouts, exhibiting resilience. Pharma and FMCG, however, underperformed, facing challenges and showing comparative weakness.

The options market signaled a noticeable concentration of open interest at the 23000 call and the 22500 put. Analysis revealed a higher volume of call writing relative to put writing, hinting at a marginally bearish outlook.

For the current session, the Volume Weighted Average Price (VWAP) suggests a trading range of 22550 to 23055. The Max Pain is located at 22800 spot, with a CE/PE Combined Residual Premium/Pain Value of 532.14 Crores.

In the cash market, Foreign Institutional Investors (FIIs) emerged as net sellers, offloading shares worth 6867.72 crore. Domestic Institutional Investors (DIIs), on the other hand, exhibited net buying activity amounting to 3718.38 crore.

Top Stocks to Buy Today:

1) PIDILITIND

Buy PIDILITIND shares in intraday timeframe at CMP Rs. 3117.2

2) KIMS

Buy KIMS shares in intraday timeframe at CMP Rs. 1908.65

3) HINDUNILVR

Buy HINDUNILVR shares in intraday timeframe at CMP Rs. 2544.2

4) SUNTV

Buy SUNTV shares in intraday timeframe at CMP Rs. 712.5

Top Stocks to Short Today:

1) RTNINDIA

Sell RTNINDIA shares in intraday timeframe at CMP Rs. 77.2

2) CENTURYTEX

Sell CENTURYTEX shares in intraday timeframe at CMP Rs. 2108.05

3) BHEL

Sell BHEL shares in intraday timeframe at CMP Rs. 279.4

4) NH

Sell NH shares in intraday timeframe at CMP Rs. 1257.75

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!