Intraday Trading: Top Stocks on NSE Today - 10 July, 2024

**Session Recap**

The market commenced the session with a positive undercurrent, steadily gaining ground throughout the trading hours. By the closing bell, the Nifty index had secured a respectable gain of 0.46%, settling close to the session's peak.

The Nifty Midcap 100 index lagged behind its larger counterpart, managing a modest gain of 0.33%.

**Sector Analysis**

The automotive and consumer durables sectors emerged as the session's standouts, exhibiting robust performance. In contrast, the IT and energy sectors grappled with challenges, weighing on the overall market performance.

**Options Market Dynamics**

The options market witnessed significant interest at the 24500 Call and 24000 Put strikes. Notably, the higher put writing observed suggests a cautiously bullish market sentiment for the current session.

**Trading Parameters**

The Value Weighted Average Price (VWAP) ranged between 24320 and 24500, providing a potential trading range for the upcoming session.

Max Pain, the strike price that minimizes option premiums, is currently pegged at 24400.

The Put-Call Ratio (PCR) of 1.133 indicates a slight bias towards bullish market sentiment.

**Institutional Involvement**

Foreign Institutional Investors (FIIs) emerged as net buyers, contributing a total of ₹314.46 crore to the market. Domestic Institutional Investors (DIIs) also participated actively, purchasing shares worth ₹1416.46 crore.

**FPI Multi Index Futures Position**

FIIs closed their futures positions in the following instruments:

- FINNIFTY FUTURES: -95 - BANKNIFTY FUTURES: -2725 - MIDCPNIFTY FUTURES: 34 - NIFTYNXT50 FUTURES: -3 - NIFTY FUTURES: 11721

These positions provide insights into the market sentiment for the upcoming session.

Top Stocks to Buy Today:

1) DELTACORP

Buy DELTACORP shares in intraday timeframe at CMP Rs. 139.1

2) MPHASIS

Buy MPHASIS shares in intraday timeframe at CMP Rs. 2535.05

3) RCF

Buy RCF shares in intraday timeframe at CMP Rs. 222

4) FACT

Buy FACT shares in intraday timeframe at CMP Rs. 1073.9

Top Stocks to Short Today:

1) VIJAYA

Sell VIJAYA shares in intraday timeframe at CMP Rs. 833.7

2) MANKIND

Sell MANKIND shares in intraday timeframe at CMP Rs. 2200

3) KIMS

Sell KIMS shares in intraday timeframe at CMP Rs. 2179.75

4) FIVESTAR

Sell FIVESTAR shares in intraday timeframe at CMP Rs. 811.65

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!