Top Stocks to Buy/Sell Today

The previous session commenced with an encouraging uptrend, setting the stage for an active trading day. However, during the course of the session, Nifty demonstrated a distinct pattern of oscillating within a range bounded by 23300-23440. Ultimately, the index closed with a modest gain of 0.25%, reflecting a balanced market sentiment.

The Nifty Midcap 100 index outpaced its larger counterpart, the Nifty 50, registering an impressive gain of 1.04%. This result showcased the strength of mid-sized companies, which outperformed their bigger peers.

Sector-wise, PSU Banks and Media emerged as the standout performers, exhibiting resilience and driving the market higher. Conversely, FMCG and Auto faced some challenges, resulting in weaker performance and contributing to a less robust overall market landscape.

The options market analysis indicated a significant concentration of open interest at the 23500 call and the 23000 put options. Additionally, the option chain analysis revealed a heightened volume of call writing compared to put writing, signifying a slightly bearish undertone in the market.

The Volume Weighted Average Price (VWAP) projected a trading range between 23235 and 23435 for the current session. Moreover, the Max Pain level was identified at 23300 spot, with a CE/PE Combined Residual Premium/Pain Value of 1104.14 Crores. This suggests that the market participants anticipate the Nifty to remain within this range in the upcoming day.

In the cash market, foreign investors displayed a positive sentiment, acting as net buyers with a total investment of 426.63 crores. Domestic institutional investors also mirrored this trend, contributing a net buying activity of 233.75 crores.

Top Stocks to Buy Today:

1) PNCINFRA

Buy PNCINFRA shares in intraday timeframe at CMP Rs. 479.25

2) INDIGO

Buy INDIGO shares in intraday timeframe at CMP Rs. 4294.2

3) NH

Buy NH shares in intraday timeframe at CMP Rs. 1242.95

4) EIHOTEL

Buy EIHOTEL shares in intraday timeframe at CMP Rs. 427.9

Top Stocks to Short Today:

1) IRCON

Sell IRCON shares in intraday timeframe at CMP Rs. 269.85

2) SCHAEFFLER

Sell SCHAEFFLER shares in intraday timeframe at CMP Rs. 4508

3) CAMS

Sell CAMS shares in intraday timeframe at CMP Rs. 3600.95

4) HUDCO

Sell HUDCO shares in intraday timeframe at CMP Rs. 278.75

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!