Intraday Trading: Top Stocks Today - 09 October, 2024

**Previous Session's Performance**

The equity markets concluded the last session with a remarkable display of resilience, demonstrating a robust recovery from initial struggles. Despite opening lower, the indices staged a steady ascent throughout the trading day, buoyed by positive sentiment and selective buying support across sectors. The sentiment was bolstered by favorable macroeconomic data and renewed optimism over economic recovery.

Key Highlights:**

* **Indices' Performance:** The benchmark indices closed higher, with the SENSEX gaining 380.98 points to settle at 60,744.95, while the NIFTY-50 advanced by 119.80 points to 17,891.70.

* **Sectoral Performance:** The markets witnessed broad-based buying, with most sectors contributing to the overall advance. The IT, financial, and FMCG sectors led the rally, while healthcare and metals stocks also performed well.

* **Top Gainers:** The top gainers for the last session included HDFC, HDFC Bank, Infosys, ITC, and Reliance Industries.

* **Top Losers:** The major decliners during the last trading period were ONGC, Adani Ports, BPCL, Bharti Airtel, and Axis Bank.

* **Market Sentiment:** The market sentiment was positive, with the Advance-Decline ratio standing at 2:1, indicating that the number of advancing stocks outnumbered the declining ones.

* **Global Cues:** Global markets were mixed, with the US markets closing higher, while the European markets ended with marginal losses.

The current session is likely to witness cautious optimism, with investors awaiting further cues from global markets and key economic data releases.

Top Stocks to Buy Today:

1) KSB

Buy KSB shares in intraday timeframe at CMP Rs. 891.95

2) ASAHIINDIA

Buy ASAHIINDIA shares in intraday timeframe at CMP Rs. 757.35

3) GOCOLORS

Buy GOCOLORS shares in intraday timeframe at CMP Rs. 1292.3

4) DEVYANI

Buy DEVYANI shares in intraday timeframe at CMP Rs. 178.8

Top Stocks to Short Today:

1) VIPIND

Sell VIPIND shares in intraday timeframe at CMP Rs. 546.75

2) NATIONALUM

Sell NATIONALUM shares in intraday timeframe at CMP Rs. 208.08

3) BIRLACORPN

Sell BIRLACORPN shares in intraday timeframe at CMP Rs. 1234.65

4) METROBRAND

Sell METROBRAND shares in intraday timeframe at CMP Rs. 1246.45

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!