Intraday Trading: Top Stocks Today - 09 January, 2025
Lets delve into the hottest stocks for today with potential buying opportunities, along with those that might be primed for shorting based on technical analysis. Here are the best intraday signals for 09 January, 2025
Today's Market Performance
The market commenced today's session with a positive note, extending its gains from the previous session. Investors exhibited a risk-on sentiment, driving the market higher.
Indices Performance
The benchmark indices opened with a positive bias and continued to gain momentum throughout the session. The Nifty 50 index surged %, while the Sensex climbed %.
Sectoral Performance
The market was broadly positive, with most sectors contributing to the overall gains. The IT, banking, and energy sectors were the major gainers, while the healthcare and FMCG sectors underperformed.
Key Drivers
* Positive global cues and strong corporate earnings boosted market sentiment. * Investors cheered the commencement of the Union Budget session. * Domestic institutional investors continued to be net buyers, providing support to the market.
Outlook
The market is expected to continue its positive momentum in the current session. However, investors should remain cautious and track macroeconomic developments and global market trends for potential changes in sentiment.
Top Stocks to Buy Today:
1) AWL
Buy AWL shares in intraday timeframe at CMP Rs. 326.55
2) KPRMILL
Buy KPRMILL shares in intraday timeframe at CMP Rs. 994.9
3) HCLTECH
Buy HCLTECH shares in intraday timeframe at CMP Rs. 1924
4) COROMANDEL
Buy COROMANDEL shares in intraday timeframe at CMP Rs. 1947.05
Top Stocks to Short Today:
1) PHOENIXLTD
Sell PHOENIXLTD shares in intraday timeframe at CMP Rs. 1680.4
2) KEC
Sell KEC shares in intraday timeframe at CMP Rs. 1051.45
3) LODHA
Sell LODHA shares in intraday timeframe at CMP Rs. 1331.5
4) POLYPLEX
Sell POLYPLEX shares in intraday timeframe at CMP Rs. 1394.4
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!