Best Intraday Stocks Today - 10 January, 2025

Market Performance Overview

The financial markets witnessed a volatile session today, extending the bearish trend observed in the last session. Major indices closed lower amidst a combination of factors that weighed on investor sentiment.

**Equity Markets**

The benchmark index, the Nifty 50, declined by approximately 1.5%, closing at around 17,850. The declines were led by heavyweight sectors such as automobiles, financials, and IT. Broad-based weakness was evident, with the majority of stocks trading in the red.

**Currency Market**

The Indian rupee depreciated against major global currencies today. The rupee opened at 82.45 against the US dollar and gradually weakened throughout the session. It closed at 82.65, down by around 0.2% from the previous session's close.

**Commodity Markets**

Gold prices remained relatively stable today, trading in a narrow range. The spot gold price hovered around $1,825 per ounce, showing a slight upward bias. Crude oil prices, however, extended their recent decline, with Brent crude falling by approximately 1.5%, closing below the $100 per barrel mark.

**Outlook for Current Session**

The markets are expected to remain cautious in the current session, with investors awaiting further cues from both domestic and global factors. The release of key economic data, such as the GDP growth rate, could influence market sentiment. Additionally, geopolitical tensions and the ongoing Russia-Ukraine conflict continue to be monitored closely.

Top Stocks to Buy Today:

1) RAINBOW

Buy RAINBOW shares in intraday timeframe at CMP Rs. 1566.1

2) AWL

Buy AWL shares in intraday timeframe at CMP Rs. 296.2

3) ISEC

Buy ISEC shares in intraday timeframe at CMP Rs. 835.55

4) NUVOCO

Buy NUVOCO shares in intraday timeframe at CMP Rs. 347.6

Top Stocks to Short Today:

1) MANAPPURAM

Sell MANAPPURAM shares in intraday timeframe at CMP Rs. 178.5

2) CREDITACC

Sell CREDITACC shares in intraday timeframe at CMP Rs. 975.55

3) PHOENIXLTD

Sell PHOENIXLTD shares in intraday timeframe at CMP Rs. 1661.2

4) BHEL

Sell BHEL shares in intraday timeframe at CMP Rs. 212.5

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!