Intraday Trading: Top Stocks on NSE Today

In the previous session, the market opened smooth, and the Nifty index gradually climbed higher for extended periods. However, in the final hour, profit booking emerged, eroding earlier gains. Consequently, the Nifty finally closed at flat, with a modest increase of 0.02%.

The Nifty Midcap 100 performed better than the Nifty 50 index, closing with a gain of 0.81%.

Various sectors displayed contrasting performances. Energy and Media stood out as the strongest sectors, demonstrating resilience. In contrast, Pharma and Healthcare encountered obstacles and underperformed throughout the session.

The options market analysis indicated significant open interest in both the 23500 call and the 23000 put. The higher volume of put writing relative to call writing suggested a prevailing bullish market sentiment.

The Volume Weighted Average Price (VWAP) projected a potential trading range between 23110 and 23450 for the current trading session. The Max Pain level is estimated to be 23200 spot, with a corresponding CE/PE Combined Residual Premium/Pain Value of 1049.58 Crores.

In the cash market, Foreign Institutional Investors (FIIs) emerged as net sellers, with an outflow of -111.04 crores. Domestic Institutional Investors (DIIs), on the other hand, exhibited net buying activity worth 3193.29 crores.

Top Stocks to Buy Today:

1) PNCINFRA

Buy PNCINFRA shares in intraday timeframe at CMP Rs. 484.05

2) IRB

Buy IRB shares in intraday timeframe at CMP Rs. 68.24

3) INDIGO

Buy INDIGO shares in intraday timeframe at CMP Rs. 4350.8

4) KPIL

Buy KPIL shares in intraday timeframe at CMP Rs. 1234.85

Top Stocks to Short Today:

1) IRCON

Sell IRCON shares in intraday timeframe at CMP Rs. 270.9

2) ENGINERSIN

Sell ENGINERSIN shares in intraday timeframe at CMP Rs. 246.99

3) SCHAEFFLER

Sell SCHAEFFLER shares in intraday timeframe at CMP Rs. 4408.2

4) HUDCO

Sell HUDCO shares in intraday timeframe at CMP Rs. 281.15

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!