Top Stocks to Buy/Sell Today - 11 July, 2024

**Previous Session's Market Overview**

The previous session witnessed a volatile trading day, with the market experiencing significant fluctuations.

**Index Performance**

The Nifty index opened flat but encountered substantial selling pressure around 24,450, causing it to plunge below 24,200 within the first hour. However, a partial recovery ensued, leading to a modest decline of 0.45%.

The Nifty Midcap 100 index, while outperforming the Nifty 50, still ended in negative territory, closing with a loss of 0.27%.

**Sectoral Performance**

The Pharma and Healthcare sectors stood out as top performers, while the Auto and Media sectors lagged behind.

**Options Market Landscape**

Options market analysis revealed a high concentration of open interest at 24,500 Call and 24,000 Put. Notably, increased call writing activity suggested a somewhat pessimistic sentiment.

**Trading Parameters**

The VWAP range for the session spanned from 24,210 to 24,370. Max Pain was pegged at 24,300, while the Put-Call Ratio (PCR) stood at 0.738.

**Institutional Involvement**

Foreign Institutional Investors (FIIs) emerged as net buyers, contributing a total of INR 583.96 crore to the market. Domestic Institutional Investors (DIIs) also made net purchases, injecting INR 1082.4 crore.

**FPI Futures Activity**

The FPI Multi Index Futures Activity recorded a decline in open interest across major futures contracts, including FINNIFTY FUTURES (-351), BANKNIFTY FUTURES (-29,903), MIDCPNIFTY FUTURES (-1,825), and NIFTYNXT50 FUTURES (-2).

Top Stocks to Buy Today:

1) DELTACORP

Buy DELTACORP shares in intraday timeframe at CMP Rs. 145.8

2) MPHASIS

Buy MPHASIS shares in intraday timeframe at CMP Rs. 2563.75

3) RCF

Buy RCF shares in intraday timeframe at CMP Rs. 224.93

4) FACT

Buy FACT shares in intraday timeframe at CMP Rs. 1069.65

Top Stocks to Short Today:

1) VIJAYA

Sell VIJAYA shares in intraday timeframe at CMP Rs. 795.8

2) MANKIND

Sell MANKIND shares in intraday timeframe at CMP Rs. 2177.95

3) KIMS

Sell KIMS shares in intraday timeframe at CMP Rs. 2173.35

4) FIVESTAR

Sell FIVESTAR shares in intraday timeframe at CMP Rs. 812.7

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!