Best Intraday Stocks Today - 10 June, 2024

During the previous trading session, the market experienced a modest uptick after an unremarkable opening. Nifty consistently gained traction, culminating in a closing level near the intraday high, registering a notable advance of 2.05 percent.

The broader Nifty Midcap 100 index exhibited a slightly muted performance relative to Nifty 50, but managed to close in positive territory with a gain of 1.49 percent.

Amongst the various sectors, IT and Auto emerged as notable outperformers, demonstrating robust strength throughout the session. Conversely, Banking and FMCG encountered headwinds and displayed a comparatively weaker presence.

The options market signals a significant concentration of open interest at the 23500 call and the 23000 put. Analysis of today's option chain reveals a notable increase in put writing compared to call writing, suggesting a subtle bullish undercurrent in the market.

Technical indicators, such as the Volume Weighted Average Price (VWAP), point towards a potential trading range between 22985 and 23410 for the upcoming session. Max Pain is observed at 23000 spot, with a CE/PE Combined Residual Premium/Pain Value of 950.59 Crores.

In the cash market, Foreign Institutional Investors (FIIs) emerged as net buyers, investing a substantial 4391.02 crore, while Domestic Institutional Investors (DIIs) also exhibited confidence with a net buying activity totaling 1289.75 crore.

Top Stocks to Buy Today:

1) TATACHEM

Buy TATACHEM shares in intraday timeframe at CMP Rs. 1092.55

2) SRF

Buy SRF shares in intraday timeframe at CMP Rs. 2322

3) AARTIIND

Buy AARTIIND shares in intraday timeframe at CMP Rs. 639

4) MAXHEALTH

Buy MAXHEALTH shares in intraday timeframe at CMP Rs. 847

Top Stocks to Short Today:

1) BORORENEW

Sell BORORENEW shares in intraday timeframe at CMP Rs. 499.05

2) MMTC

Sell MMTC shares in intraday timeframe at CMP Rs. 71.06

3) LODHA

Sell LODHA shares in intraday timeframe at CMP Rs. 1493.95

4) SUNTECK

Sell SUNTECK shares in intraday timeframe at CMP Rs. 519.55

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!