Best Intraday Stocks Today - 08 November, 2024

Previous Day's Market Performance Overview

The market witnessed a significant retracement in the last session, ending the day with modest losses. The benchmark index opened lower and continued to decline throughout the day, closing below its crucial support levels. The broader market also followed suit, with most sectors shedding value.

The decliners outnumbered the gainers by a wide margin, indicating broad-based selling pressure. A number of prominent stocks retreated from their recent highs, weighing on the overall market sentiment. This pullback, however, is seen as a healthy correction after the recent rally.

The market is expected to open lower and remain volatile in the current session as traders assess the implications of the recent retreat. Key support and resistance levels will be closely monitored to gauge the market's direction.

Top Stocks to Buy Today:

1) ADANIENSOL

Buy ADANIENSOL shares in intraday timeframe at CMP Rs. 971.5

2) DELTACORP

Buy DELTACORP shares in intraday timeframe at CMP Rs. 119.1

3) HINDALCO

Buy HINDALCO shares in intraday timeframe at CMP Rs. 656.2

4) FDC

Buy FDC shares in intraday timeframe at CMP Rs. 515.45

Top Stocks to Short Today:

1) CGPOWER

Sell CGPOWER shares in intraday timeframe at CMP Rs. 724.95

2) SONATSOFTW

Sell SONATSOFTW shares in intraday timeframe at CMP Rs. 618.05

3) BLUESTARCO

Sell BLUESTARCO shares in intraday timeframe at CMP Rs. 1775

4) LUXIND

Sell LUXIND shares in intraday timeframe at CMP Rs. 1974.95

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!