Intraday Trading: Top Stocks on NSE Today - 12 July, 2024

**Market Review**

The underlying market currents fluctuated significantly during the previous session. After opening on a somewhat neutral footing, the market succumbed to intense selling pressure in the vicinity of the 24450 resistance level. This downward momentum propelled the index below the 24200 threshold within the initial trading hour. A sporadic recovery attempt ensued, but the benchmark ultimately settled on a negative note, shedding 0.45% of its value.

The Nifty Midcap 100 index exhibited relative strength compared to its larger counterpart, the Nifty 50. However, it also closed in the red, losing 0.27%.

**Sector Performance**

The healthcare sector emerged as the standout performer, while auto and media companies lagged behind.

**Options Market Analysis**

Elevated Open Interest levels were observed at the 24500 Call and 24000 Put strikes. The preponderance of Call writing suggests a bearish sentiment among market participants.

**Trading Parameters**

The VWAP range for the session extended from 24210 to 24370. The Max Pain level was pegged at 24300, indicating that the highest notional loss would be incurred if the index settled at this level today. The Put-Call Ratio (PCR) stood at 0.738, signaling a slight bearish bias.

**Institutional Participation**

Foreign Institutional Investors (FIIs) were net buyers during the session, contributing a total of 583.96 crore to the market. Domestic Institutional Investors (DIIs) also took a bullish stance, infusing 1082.4 crore into the system.

**FPI Multi Index Futures Activity**

* FINNIFTY FUTURES: -351 * BANKNIFTY FUTURES: -29903 * MIDCPNIFTY FUTURES: -1825 * NIFTYNXT50 FUTURES: -2 * NIFTY FUTURES: -15656

Top Stocks to Buy Today:

1) IOC

Buy IOC shares in intraday timeframe at CMP Rs. 168.72

2) DELTACORP

Buy DELTACORP shares in intraday timeframe at CMP Rs. 144.06

3) SHOPERSTOP

Buy SHOPERSTOP shares in intraday timeframe at CMP Rs. 858.65

4) RAJESHEXPO

Buy RAJESHEXPO shares in intraday timeframe at CMP Rs. 314.35

Top Stocks to Short Today:

1) MPHASIS

Sell MPHASIS shares in intraday timeframe at CMP Rs. 2640.7

2) WIPRO

Sell WIPRO shares in intraday timeframe at CMP Rs. 543.95

3) NIITLTD

Sell NIITLTD shares in intraday timeframe at CMP Rs. 118.64

4) PCBL

Sell PCBL shares in intraday timeframe at CMP Rs. 277.6

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!