Intraday Insights: Stocks to Watch Today - 12 August, 2024

**Market Reflection of Current Session:**

In the session that concluded recently, the market witnessed an initial surge at the open, establishing a narrow trading range between 24310 and 24420 throughout the day. Notably, the Nifty ended the day on a positive note, posting a gain of 1.04%. However, the broader market lagged, as reflected by the Nifty Midcap 100 index, which closed with a decline of 0.87%.

**Sectoral Dynamics:**

The session's top performers included the Auto and Media sectors, while FMCG and Pharma trailed behind as the lagging sectors. This sectoral differentiation highlights the ongoing rotation of investment strategies.

**Options Market Analysis:**

Open Interest remains concentrated at the 24400 Call and 24000 Put, indicating a cautious market sentiment. Additionally, the prevalence of higher put writing compared to call writing suggests a mildly bullish outlook, as participants perceive higher downside protection.

**Trading Parameters:**

The VWAP range for today's session spanned from 24170 to 24545, providing a gauge of fair value. Notably, Max Pain is situated at 24350, indicating a potential equilibrium point where both buyers and sellers may find their expectations fulfilled. Furthermore, the Put-Call Ratio (PCR) stands at 0.81, suggesting a slight tilt towards call options, reflecting a cautiously optimistic market sentiment.

**Institutional Participation:**

During today's session, Foreign Institutional Investors (FIIs) emerged as net buyers with an aggregate activity of 406.72 crore. Domestic Institutional Investors (DIIs) also remained net buyers, contributing a sizable 3979.59 crore to the market. This institutional inflow highlights continued interest in the Indian equity market.

**FPI Multi Index Futures Activity:**

FPI activity in Multi Index Futures mirrored the overall market trend, with bullish positions in FINNIFTY, BANKNIFTY, and NIFTY FUTURES, indicating a positive outlook on major indices. However, negligible activity in NIFTYNXT50 FUTURES suggests a cautious approach towards the next generation of companies.

Top Stocks to Buy Today:

1) HOMEFIRST

Buy HOMEFIRST shares in intraday timeframe at CMP Rs. 1018.8

2) SUVENPHAR

Buy SUVENPHAR shares in intraday timeframe at CMP Rs. 982.1

3) 360ONE

Buy 360ONE shares in intraday timeframe at CMP Rs. 1034.5

4) VINATIORGA

Buy VINATIORGA shares in intraday timeframe at CMP Rs. 2160.45

Top Stocks to Short Today:

1) VOLTAS

Sell VOLTAS shares in intraday timeframe at CMP Rs. 1518.75

2) SUPRAJIT

Sell SUPRAJIT shares in intraday timeframe at CMP Rs. 516.55

3) JUBLFOOD

Sell JUBLFOOD shares in intraday timeframe at CMP Rs. 610

4) ARE&M

Sell ARE&M shares in intraday timeframe at CMP Rs. 1546

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!