Intraday Trading: Top Stocks Today - 08 October, 2024

Market Recap

The stock market experienced a **positive** session in the last trading session, with major indices closing in the green. The **S&P 500** gained **0.5%**, the **Nasdaq Composite** rose **0.8%**, and the **Dow Jones Industrial Average** climbed **0.4%**.

The market's strong performance was driven by a combination of factors. First, investors were encouraged by positive corporate earnings reports. Several major companies, including Microsoft and Johnson & Johnson, reported better-than-expected quarterly results, boosting market sentiment.

Second, the market responded favorably to news of a potential COVID-19 vaccine. Moderna Therapeutics announced promising early-stage results for its vaccine candidate, giving investors hope that the pandemic may be nearing an end.

Finally, the market was buoyed by hopes of further government stimulus measures. Congressional leaders continued negotiations on a second round of economic relief, which could provide additional support for businesses and consumers.

Overall, the market's performance in the last session was positive and was fueled by a combination of positive earnings reports, vaccine news, and hopes of additional government stimulus. It's important to note that market conditions can change rapidly, and investors should always conduct their own research before making any investment decisions.

Top Stocks to Buy Today:

1) KSB

Buy KSB shares in intraday timeframe at CMP Rs. 856.4

2) ASAHIINDIA

Buy ASAHIINDIA shares in intraday timeframe at CMP Rs. 733.8

3) BAJAJ-AUTO

Buy BAJAJ-AUTO shares in intraday timeframe at CMP Rs. 11680

4) GOCOLORS

Buy GOCOLORS shares in intraday timeframe at CMP Rs. 1292.35

Top Stocks to Short Today:

1) VIPIND

Sell VIPIND shares in intraday timeframe at CMP Rs. 525

2) NATIONALUM

Sell NATIONALUM shares in intraday timeframe at CMP Rs. 208.4

3) BIRLACORPN

Sell BIRLACORPN shares in intraday timeframe at CMP Rs. 1210.9

4) METROBRAND

Sell METROBRAND shares in intraday timeframe at CMP Rs. 1216.25

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!