Top Intraday Stocks Today - 10 May, 2024

Team Stratzy -

In the previous session, the market extended its sell-off streak to a fifth consecutive day, closing in the red. The headline indices, Nifty and Sensex, fell below their respective psychological levels, with Nifty breaching the 22,000 mark.

This sustained downturn has been influenced by a convergence of factors. The ongoing national elections, coupled with lackluster fourth-quarter results from companies, have weighed on sentiment. Additionally, rising crude oil prices have exacerbated the market's weakness.

The mid-cap and small-cap indices also suffered losses, with the S&P BSE Mid-Cap index declining by 2.01% and the S&P BSE Small-Cap index dropping by 2.41%.

As we head into today's session, support for Nifty (spot) lies at the crucial level of 21,850. Conversely, resistance is expected at 22,150, providing key levels to monitor for potential market moves.

Top Stocks to Buy Today:

1) ALKYLAMINE

Buy ALKYLAMINE shares in intraday timeframe at CMP Rs. 2014

2) ORIENTELEC

Buy ORIENTELEC shares in intraday timeframe at CMP Rs. 212.55

3) CARBORUNIV

Buy CARBORUNIV shares in intraday timeframe at CMP Rs. 1470.4

4) RELAXO

Buy RELAXO shares in intraday timeframe at CMP Rs. 856.95

Top Stocks to Short Today:

1) QUESS

Sell QUESS shares in intraday timeframe at CMP Rs. 631.95

2) ANGELONE

Sell ANGELONE shares in intraday timeframe at CMP Rs. 2433.7

3) INFIBEAM

Sell INFIBEAM shares in intraday timeframe at CMP Rs. 31.45

4) LICI

Sell LICI shares in intraday timeframe at CMP Rs. 922.85

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!