Intraday Trading: Top Stocks on NSE Today

**Previous Session's Market Overview**

As trading commenced today, the market initially demonstrated buoyancy, with the Nifty index making gains in the early hours. However, a shift in sentiment emerged during the first half of the session, leading to sustained selling pressure that pushed the Nifty below the 22300 mark.

Throughout the remainder of the day, the market oscillated cautiously within a range of 22230-22330. By the conclusion of trading, the Nifty had relinquished 0.62 percent of its value, settling at a lower level.

The Nifty Midcap 100 index fared less favorably than the broader Nifty 50, closing today's session with a significant loss of 1.95 percent.

On a sectoral level, the FMCG and IT sectors emerged as bright spots, exhibiting resilience and outperforming the broader market. Conversely, the Metals and Realty sectors encountered headwinds and underperformed throughout the trading day.

An analysis of the options market reveals that the highest open interest on the call side rests at the 22500 level, indicating a concentration of bullish bets. On the put side, the highest open interest is observed at the 22000 level, suggesting a presence of bearish sentiment. Further examination of today's option chain indicates a greater preponderance of call writing activity compared to put writing, reinforcing the market's current bearish bias.

The Volume Weighted Average Price (VWAP) provides guidance for tomorrow's trading range, suggesting a span between 22190 and 22420. The Max Pain level is currently at 22400 with the CE/PE Combined Residual Premium/Pain Value standing at 829.12 Crores.

In the cash market, Foreign Institutional Investors (FIIs) acted as net sellers, releasing shares worth 3668.84 crore, while Domestic Institutional Investors (DIIs) assumed a contrarian stance, buying shares worth 2304.50 crore.

Top Stocks to Buy Today:

1) POLICYBZR

Buy POLICYBZR shares in intraday timeframe at CMP Rs. 1179

2) BSE

Buy BSE shares in intraday timeframe at CMP Rs. 2794.95

3) POWERGRID

Buy POWERGRID shares in intraday timeframe at CMP Rs. 293.1

4) ROUTE

Buy ROUTE shares in intraday timeframe at CMP Rs. 1442.1

Top Stocks to Short Today:

1) CREDITACC

Sell CREDITACC shares in intraday timeframe at CMP Rs. 1462.75

2) MANKIND

Sell MANKIND shares in intraday timeframe at CMP Rs. 2217.05

3) IRB

Sell IRB shares in intraday timeframe at CMP Rs. 67.2

4) JSWENERGY

Sell JSWENERGY shares in intraday timeframe at CMP Rs. 599.6

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!