Top Intraday Stocks Today

The market commenced with stability but exhibited volatility within a range spanning from 23230 to 23410 over the course of the trading session, ultimately concluding with a diminutive decline of 0.13 percent.

The Nifty Midcap 100 index outshone its counterpart, the Nifty 50, securing a modest gain of 0.08 percent.

Within the diverse landscape of sectors, Media and Realty ascended as notable performers, showcasing resilience. In contrast, IT and Metals encountered obstacles, displaying relatively subdued performance.

An examination of the options market reveals a pronounced concentration of open interest at the 23500 call and the 23000 put. A deeper analysis of the option chain indicates a greater volume of call writing relative to put writing, suggesting a bearish sentiment among market participants.

The Volume Weighted Average Price (VWAP) projects a potential trading range for the current session between 23055 and 23490. Max Pain rests at 23150 spot, accompanied by a CE/PE Combined Residual Premium/Pain Value of 1058.59 Crores.

Evaluating the cash market, Foreign Institutional Investors (FIIs) assumed the role of net buyers, accumulating activities worth 2572.38 crore, while Domestic Institutional Investors (DIIs) also demonstrated net buying activity, amounting to 2764.46 crore.

Top Stocks to Buy Today:

1) MPHASIS

Buy MPHASIS shares in intraday timeframe at CMP Rs. 2404.9

2) IRB

Buy IRB shares in intraday timeframe at CMP Rs. 65.57

3) JUBLPHARMA

Buy JUBLPHARMA shares in intraday timeframe at CMP Rs. 743.8

4) PIIND

Buy PIIND shares in intraday timeframe at CMP Rs. 3618.15

Top Stocks to Short Today:

1) PATANJALI

Sell PATANJALI shares in intraday timeframe at CMP Rs. 1476

2) GPIL

Sell GPIL shares in intraday timeframe at CMP Rs. 1045.95

3) IDBI

Sell IDBI shares in intraday timeframe at CMP Rs. 86.69

4) ADANIENSOL

Sell ADANIENSOL shares in intraday timeframe at CMP Rs. 1024.55

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!